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URL:  https://boards.fool.com/i39d-like-to-buy-a-2nd-rental-property-in-the-35108847.aspx

Subject:  Re: Buying a 2nd Rental Property Date:  5/13/2022  3:30 AM
Author:  aj485 Number:  14441 of 14478

I'd like to buy a 2nd rental property in the next few years without taking money out of the 1st one

You need to be aware that you cannot deduct the interest payments on a cash-out loan for a rental property unless the cash is spent on the property that secures the loan. So taking a cash-out loan on a rental property is generally not a good way to raise money for a second property.

AJ
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