Tag Archives: Rental Property

Can you depreciate the money from a home equity loan on a rental property?

Posted on March 2, 2009 by admin

Celeste C asked: If your property has appreciated in value and you elect to take out a new mortgage, thereby getting cash out, is the cash depreciable on income tax returns, even if spent on a vacation? I’ve been told … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , , , , | 3 Comments

Question about home equity loan?

Posted on December 15, 2008 by admin

dokomo asked: I have paid off my house 100%. Now I am thinking may be want to invest on rental property say condo. If I put down $20,000 using my home equity to buy another real estate, what is this … Continue reading →

Posted in Renting & Real Estate | Tagged , , , | 2 Comments