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Gary York
  • Rental Property Investor
  • North Catasauqua, PA
6
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15
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Tax ramifications on a re-fi

Gary York
  • Rental Property Investor
  • North Catasauqua, PA
Posted

I am completing my first BRRRR and I am now ready to go to the bank to re-finance and pull money out for my next deal. What should I be considering in terms of tax obligations when making this move? I plan on using the funds for my next property.

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250
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181
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James G.
  • Investor
  • St Louis, MO
181
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250
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James G.
  • Investor
  • St Louis, MO
Replied

The refinance money is debt. You do not have to pay taxes on this

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