What do you think about credit card rehabbing?

[Tyler Carpenter]

What does everyone think about using credit cards to start for cash/ rehabbing/ down payment money for a first time startup. Im new and I know I have a lot to learn, but am just curious about picking peoples brains in this area. Has anyone done this? In short, I have a mentor who is basically going to help me find a great deal where my rehab/cost of property will be below 50%. I then would refinance to take the equity and pay off my credit card and since I have such low rates would actually be cheaper than paying back some investors. This then would give me a decent amount of money to put down for my next rehab project.