Posted on 07. Jul, 2010 by Ray in Home Loans
Tags: advice, equity, Home, house, loan, property, Rental, renting
Omega3chimp
07. Jul, 2010
i wont to have like 50 prosperitya and buy my own private island.
ragrwind
Greetings,
If you take an equity loan on a rental property, can you deduct the interest as a business expense?
I understand that if you buy a rental house with a mortgage, you CAN deduct the interest. But what about an after-the-fact “mortgage”?
Thanks
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Omega3chimp
07. Jul, 2010
i wont to have like 50 prosperitya and buy my own private island.
ragrwind
07. Jul, 2010
Greetings,
If you take an equity loan on a rental property, can you deduct the interest as a business expense?
I understand that if you buy a rental house with a mortgage, you CAN deduct the interest. But what about an after-the-fact “mortgage”?
Thanks