1. The interest for loans used on rental purchase is deductible against rental income.
This is called interest tracing rule.
2. If your HELOC can cover the entire purchase, of course use HELOC, it is like cash offer and no closing cost.
1. The interest for loans used on rental purchase is deductible against rental income.
This is called interest tracing rule.
2. If your HELOC can cover the entire purchase, of course use HELOC, it is like cash offer and no closing cost.
• Helloc 可以cover whole purchase的。谢谢柠檬! -小米A- ♀ (0 bytes) () 06/17/2019 postreply 15:24:58
• heloc 买房肯定方便,但是不一定适宜养房 -柠檬椰子汁- ♂ (348 bytes) () 06/17/2019 postreply 17:33:37