Can Interest Be Deduction if Hard Money was Used

[Abdulmatin Sanni]

I understand that mortgage interest can be deducted from taxes, but does this still apply if hard money was used to purchase the property?

For example, I borrowed $200k from an HML, and this was all invested into the property, the interest was at 12% a year, can this interest be deducted?

[Eliott Elias]

Yes