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Updated about 12 years ago,

User Stats

170
Posts
28
Votes
Rob C.
  • Investor
  • Oceanside, CA
28
Votes |
170
Posts

writing off interest on unsecured loans

Rob C.
  • Investor
  • Oceanside, CA
Posted

I understand you can write off mortgage interest as a business expense for a rental property. What about interest on unsecured loans used for the same purpose? The offers I see in the mail for 8-10% unsecured personal loans seem like they could be reasonable options to finance a $25k property I have an eye on (especially if the interest can be written off just like a mortgage)

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