Preheat oven to 350F. Heavily grease a 9-10 inch bundt pan and dust with flour.
In a small bowl or glass measuring cup combine the buttermilk, red food coloring, vinegar, and vanilla. Set aside.
In a large bowl fitted with a paddle attachment, beat together the oil and sugar. Add the eggs one at a time and beat on high until smooth and creamy.
Sift together the flour, cocoa, salt and baking soda in a medium sized bowl.
Alternate adding the dry ingredients and the buttermilk mixture starting and ending with dry ingredients. Mix until just combined, ensuring the batter is smooth but not over-mixed.
For the Cheesecake filling:
Beat together the cream cheese, egg and sugar until smooth.
To assemble:
Fill the bundt pan with about 3/4 of the red velvet batter. Dollop the cheesecake mixture all over, keeping it away from the edges. Top with the remaining cake batter.
Bake for 50-60 minutes, or until a toothpick inserted into the cake comes out clean.
For the Icing:
In a large bowl cream together the butter and cream cheese. Add the powdered sugar and beat until smooth. Add the vanilla extract and 1 tablespoon of milk. Add more milk gradually until your desired icing consistency is reached. I liked mine thick but easy to pour on the cake.
Frost the cooled cake and serve room temperature or chilled!
Notes
Recipe loosely adapted from All Recipes
* I used a full 4 tablespoons of cocoa and my cake was a dark rich red. I wanted to amp up the chocolate flavor so I went with that...If you want it to be a bug more vibrant you could to 3 tablespoons as well.
Nutrition Information:
Yield:
1
Serving Size:
1 grams Amount Per Serving:Unsaturated Fat: 0g
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