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Real Estate Deal Analysis & Advice

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Chase Burkett
  • Rental Property Investor
  • Huntsville, AL
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10
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Do you have to pay taxes on a cash out refi?

Chase Burkett
  • Rental Property Investor
  • Huntsville, AL
Posted Jan 22 2021, 12:27

I am about to close on the refinance of my house. We bought it for 190k, did a massive amount of rehab ourselves, and just got appraisal today at 345k. After the 69k left in the loan for the 20% do I have to pay taxes on the 94k remaining cash I plan on taking out?

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