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Updated almost 6 years ago,

Kevin Auyong's profile image
Kevin Auyong's profile image
Kevin Auyong
  • from Marietta, Ga
  • Member since Nov 17, 2013
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202
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118
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Kevin Auyong's profile image
Kevin Auyong's profile image
Kevin Auyong
  • from Marietta, Ga
  • Member since Nov 17, 2013
Connect
Kevin Auyong
  • Marietta, Ga
118
Votes |
202
Posts
Tax, SDIRAs & Cost Segregation

write off loan against car to buy rental?

Kevin Auyong
  • Marietta, Ga
Posted

I am looking to buy a rental house all cash. Purchase price to be between 20 to 30K inc repairs.

To fund this I am refinancing a car I own free and clear now for $30K.

Is there any way I can write the loan off?

If so what steps must I do to qualify?

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