Cash out from rental property

USA Discussion in 'Individuals' started by seattleguy, Jan 11, 2017.

  1. seattleguy


    Jan 11, 2017
    Likes Received:
    My client owns his house outright. Mortgage's paid off. He wants to buy a new house and move there and he wants to rent out his current house. But he also wants to take equity out of his current house so that interest paid on mortgage for rental property can be deducted from his rental income. How can this be done?
    seattleguy, Jan 11, 2017
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