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Updated about 4 years ago on . Most recent reply presented by

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15
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6
Votes
Gary York
  • Rental Property Investor
  • North Catasauqua, PA
6
Votes |
15
Posts

Tax ramifications on a re-fi

Gary York
  • Rental Property Investor
  • North Catasauqua, PA
Posted

I am completing my first BRRRR and I am now ready to go to the bank to re-finance and pull money out for my next deal. What should I be considering in terms of tax obligations when making this move? I plan on using the funds for my next property.

Most Popular Reply

User Stats

250
Posts
181
Votes
James G.
  • Investor
  • St Louis, MO
181
Votes |
250
Posts
James G.
  • Investor
  • St Louis, MO
Replied

The refinance money is debt. You do not have to pay taxes on this

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