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Updated almost 5 years ago on . Most recent reply
Cash Out Re-Fi for an Investment Property
Hi Everyone -
Just have a quick question. I’m looking at cash out refinancing my current home as an option of partially funding the down payment I need for another investment property I’m looking to purchase.
The question I have is the interest on the new loan deductible if I use the cash as a down payment on an investment property?
Thank you very much,
Manny