Great video! Refinancing your home can be a smart financial move to lower monthly mortgage payments or get access to equity. It's important to consider all the factors and do the math before making a decision and the tips on avoiding taxes when selling a home are also valuable for maximizing your profits.
DSCR is Debt Service Coverage Ratio. Is the rent higher than the debt service. Generally about 30 percent down (can be less). Income and credit score are not as important compared to conventional mortgages.
If you cash out refinance on a property after years of depreciation and decide to sell the property after. Does this decrease your tax burden since you can show less in profits due to the higher loan pay down even though you have depreciated the property?
![How Are Cash Out Refinances Taxed? [Tax Smart Daily 021]](/img/1.gif)
Great video! Refinancing your home can be a smart financial move to lower monthly mortgage payments or get access to equity. It's important to consider all the factors and do the math before making a decision and the tips on avoiding taxes when selling a home are also valuable for maximizing your profits.
DSCR is Debt Service Coverage Ratio. Is the rent higher than the debt service. Generally about 30 percent down (can be less). Income and credit score are not as important compared to conventional mortgages.
Where do you get those 35,000 dls prices?
Great info. I'm inspired
If you cash out refinance on a property after years of depreciation and decide to sell the property after. Does this decrease your tax burden since you can show less in profits due to the higher loan pay down even though you have depreciated the property?
Love you guys thank you
Yessssssssssssssssssssss