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Updated almost 4 years ago,
Cash Out Refi Tax Deductible?
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