Personal Line of Credit to purchase a house in 'Cash'??

[Kimberly Blaire]

Hello! New investor over here with (likely) silly questions. So I have access to a line of credit that is large enough to cover the purchase price and renovations of a single-family home. I just learnt about the BRRRR strategy and it seems like with this LOC I could continue this for ever. Is this true?

What makes me nervous is that I would buy this house using a line of credit, then maybe I wouldn't be able to refinance it into a mortgage because my debt to income ratio would be crazy in this scenario. Any thoughts? Just go for it?? or make a different/better plan?