I wonder if you can cash out the re-finance the rental and use that money for down-payment. Maybe this will reduce the taxable rental income since rental interest will be tax-deductible and you won't have to pay the mortgage interest which is not tax deductible and can still enjoy the standard deduction. I am not expert on real estate taxes, maybe someone more knowledgeable can confirm.
Statistics: Posted by babystep — Sun Apr 21, 2024 1:10 am — Replies 19 — Views 1768