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Anyway to use debt on 2nd property to pay off HELOC from primary for deductible interest?

Sorry for the potentially confusing title I wasnt sure if it accurately describes what I'm trying to do.

I bought a second property fully using cash + a HELOC on my primary house. I realize the HELOC interest is not tax deductible. Is there a debt instrument I can use on my second house to pay off the HELOC that would be tax deductible? I was thinking something like a cash out refinance on second property but it seems Google is saying that's not tax deductible so I wasn't sure if there was any means to accomplish this. I know the lender mentioned doing a cash out refinance on my primary before I did a HELOC but I didn't want to lose my 4% rate since we have many years left on the mortgage.

Thinking about doing a HELOC on the second property anyway for future repairs since that would be deductible or is that a bad idea?

submitted by /u/DalysDietCoke
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1n33nii/anyway_to_use_debt_on_2nd_property_to_pay_off/
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