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Updated almost 4 years ago,

User Stats

4
Posts
1
Votes
Phoebe Pulido
1
Votes |
4
Posts

Cash Out Refi Tax Deductible?

Phoebe Pulido
Posted

Hi BP Family,

My husband and I are looking to do a cash out refi on our currently paid off home. We plan to use all the funds for investing in rental properties. Would the new mortgage on our home be tax deductible in this case? One of our objectives in this process is to increase our tax deductibles. 

Thanks,

Phoebe

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