Pay off a Hard Money Loan With a Line of Credit?

[James G.]

Hi BP.

I am a college student and cannot apply for a conventional loan. However one option that I have is to get a line of credit at 0% APR for up to 24 months. I could use this to pay my lender, and then I'll be able to refinance in about a year to take care of the credit debt. Plus, every payment that I make towards the credit will be towards "principle." Is this a good idea? Too risky/not possible?