Ashby
New Member

Investors & landlords

Yes, your second mortgage interest on a rental property is completely deductible.

Landlords may take out a second mortgage or home equity line of credit to improve a rental property or cover other property- or business-related expenses for a rental. The interest payments a landlord makes on these loans is tax deductible. For example, a landlord may obtain a HELOC to pay for a new roof or prepare and improve a vacant property for new residents.