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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Refi and Cap Gains Posted by Alfred -- Trainee on March 15, 2004 at 6:17 PM Hi Ward, This is more of a CPA question but maybe you can clear something up for me. I'm thinking of refinancing my 3 rental properties (got them as forelosures) the main reason being to increase my monthly positive cashflow. If I did a cash out refi and took all of the equity out that I could now, that would be tax free dollars for me to use. But when I sold them in a few years, would I only have to pay capital gain tax on the profit that I realize from that sale (the profit would be small because all the equity would've been taken out earlier) or would I have to pay cap gain tax on the profit amount realized between my original buying cost and my selling price? Thanks in advance, Alfred Follow Ups: Re: Refi and Cap Gains Jk (the other Jk) 6:34 PM, 03/15/04 (1) Re: Refi and Cap Gains Mike 9:46 AM, 03/16/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward, : This is more of a CPA question but maybe you can clear something up for me. I'm thinking of refinancing my 3 rental properties (got them as forelosures) the main reason being to increase my monthly positive cashflow. If I did a cash out refi and took all of the equity out that I could now, that would be tax free dollars for me to use. But when I sold them in a few years, would I only have to pay capital gain tax on the profit that I realize from that sale (the profit would be small because all the equity would've been taken out earlier) or would I have to pay cap gain tax on the profit amount realized between my original buying cost and my selling price? Thanks in advance, Alfred Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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