Cashout Refinance Car--> Invest in Real Estate. Deduct Interest?
If I cash-out refinance my personal car (originally purchased all cash), then use the proceeds to buy a rental property, can I deduct the interest paid on the car from the cash-flow coming from the rental property, for tax purposes?
If I borrow cash from my credit card (cash advance) and use it for the same purpose, can I deduct that interest?