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Updated about 7 years ago,
Using HELOC to buy a home in AZ
I recently discovered Bigger Pockets! What a wonderful forum! I currently live in CA and am planning to move to AZ in fall of 2018. I would like to buy a home in AZ prior to my move. My current primary residence has a lot of equity and I would like to tap into that equity to buy a house in AZ. My question: Would I still be able to write off the interest on the HELOC for the AZ purchase or is the interest deduction strictly for rentals only?