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Updated over 5 years ago,

User Stats

67
Posts
9
Votes
Henry Li
  • Realtor
  • Boston MA
9
Votes |
67
Posts

Real Estate TAX Deduction

Henry Li
  • Realtor
  • Boston MA
Posted

With the new tax law, our primary residence mortgage interest doesn't have tax advantage anymore to my understanding. I however own other investment properties , and there is one that is actually paid off. Would it make sense to get a loan from the paid off rental property to pay off my primary residence? 

This way, the rental property would have a mortgage, but the interest would be tax deductible because it is a rental. Does it make sense? or there is something that I'm not seeing it right?  

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