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Borrow to buy a rental—here's why
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we are planning on renting our residence which is totally paid off. Can we take a line of credit against our house, use the money to buy another property and deduct the interest against rental income?
Due to the large volume of comments we receive, we regret that we are unable to respond directly to each one. We invite you to email your question to [email protected], where it will be considered for a future response by one of our expert columnists. For personal advice, we suggest consulting with your financial institution or a qualified advisor.