Cash out refinance on property with 100 % equity
Currently own a rental portfolio of 800 K with no mortgage. How do you proceed from this vantage point
1. Cash our refinance for any potential tax deductions
2. Using cash to increase the rental portfolio.
Most Popular Reply
Good Morning,
Like Londell said, keeping it in the house is not using it to its full value. I like to cash-out refinance, because of the tax benefits to that. However, be wise with that. Don't get too much debt but definitely use that equity for more cash flowing properties or appreciating properties.
- Sheldon Zimmerman