Need Advice on cash flow

[Martin Nowak]

I have a property I’m in interested purchasing for an investment property. The price is 68K.

It will likely require improvements of $20,000. My hope is pay for with a HELOC line of credit. The improvements I would put on a credit card - then my goal after I completed the improvements have it refinanced for the new market value. After the refinancing pay back my HELOC and the credit card. Does this seem like a smart idea or is there a smarter way?