Timing of next property for interest deduction

[Amol K.]

I understand that if I do a cash-out refinance on an investment property (Property A), and use the extra funds as down-payment for my next property (Property B), then I can deduct the interest paid on the cashed-out funds as well.

Does this still work if:

1) Property B was purchased 6 months before the refinancing transaction
2) Property B was purchased before, but within the same tax year as the refinancing transaction

Thank you very much!!