Financing Question

[Anthony Augello]

Hi BP Community,

I have a question regarding cash out financing. I'm in the process of looking for my first investment property and plan on using cash out financing on my existing primary residential home mortgage to make the down payment. I haven't formed the LLC yet, but want to take advantage of the low interest rates now before they start increasing. Can someone answer if they know whether or not any of the cash out on the primary mortgage itself is tax deductible? Any tips would be appreciated.

Thank you,

Anthony