Cash out refi, simply for interest tax writeoff

[Andrey Y.]

Hope everyone is having an awesome Tuesday!

Would you guys do a cash out refi on a property purchased with cash, simply for the purpose of writing off mortgage interest? I believe you can write of interest up to a max of 2 mortgages; someone correct me if I am wrong on this.

This may also help with a future cash purchase of a property. However, its becoming increasingly difficult to find suitable B&H properties in my local area, I don't really need the cash. Would you do it for the tax purposes as I mentioned?