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Updated over 4 years ago on . Most recent reply

Chase Burkett's profile image
Chase Burkett's profile image
Chase Burkett
  • Rental Property Investor
  • from Huntsville, AL
  • Member since Oct 31, 2019
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Chase Burkett's profile image
Chase Burkett's profile image
Chase Burkett
  • Rental Property Investor
  • from Huntsville, AL
  • Member since Oct 31, 2019
Connect
Chase Burkett
  • Rental Property Investor
  • Huntsville, AL
3
Votes |
10
Posts
Real Estate Deal Analysis & Advice

Do you have to pay taxes on a cash out refi?

Chase Burkett
  • Rental Property Investor
  • Huntsville, AL
Posted

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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