Preheat your oven to 350°F (175°C). Grease and flour a 9-inch springform pan.
In a large bowl, whisk together the flour, sugar, baking soda, salt, and cocoa powder.
In another bowl, combine the vegetable oil, buttermilk, eggs, red food coloring, vanilla extract, and vinegar. Mix well.
Pour the wet ingredients into the dry ingredients and stir until everything is combined.
Divide the red velvet cake batter between the prepared springform pan and a separate 9-inch round cake pan.
Bake both pans for about 25-30 minutes or until a toothpick inserted into the center comes out clean. Let the cakes cool completely.
In a mixing bowl, beat the cream cheese and sugar together until smooth.
Add the eggs, one at a time, mixing well after each addition.
Pour the cheesecake batter over the cooled red velvet cake layer in the springform pan.
Bake the cheesecake for 50-60 minutes or until it’s set and the edges look lightly golden.
Allow it to cool at room temperature, then refrigerate for at least 4 hours or overnight.
Once chilled, remove the cheesecake from the springform pan. Top it with fresh strawberries and drizzle with strawberry preserves. Optionally, pipe whipped cream around the edges for an extra touch.
Serve and enjoy!