If I have a property and mortgage and increase the amount of mortgage can I get cash out tax free?

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Good question!

Yes, absolutely.

Let’s say that your property is worth 200,000 and you have a 100,000 mortgage debt. Now let’s say you take out a new mortgage for 150,000 and pay off the old mortgage for 100,000. Minus any fees associated with the transaction you will receive 50,000 in cash out. This cash is tax free since you are not selling the house and making a profit.

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I hope that helps and good luck with your investing!

Benjamin Z Miller
www.benjaminzmiller.com