Updated over 7 years ago on .
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BRRRR Strategy with paying cash
My question is do I pay tax when I got to leverage the property with a mortgage
For example
Property = $50,000 cash
Rehab = $25,000 cash
Total Cash investment = $75,000 cash
Bank lends 70% of Av= $100,000
Do I get taxed on the Amount I pull out since it will be essentially cashed back to me?