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HELOC to pay off mortgage

Discussion in 'Chit Chat' started by tjpone, Feb 25, 2019.

Scataphagos
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gwb-trading said:
I am not an expert on tax laws. I will note that what you state is correct about homes you own AFAIK and are not operated as rental properties. There is a host of tax rules related to cash flow and real estate rentals that go beyond the tax deduction for the interest portion of the payments (which most homeowners are focused on).

I will allow someone who has experience in running multiple rental properties with outstanding loans chime in on the subject.
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RE tax law can be complicated. Best to "know what you're doing" with assets so large.

Last edited: Feb 27, 2019

#11 Feb 27, 2019

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