Can I cash out refi on multiple properties to payoff HELOC?

[Brittney K.]

I am new to real estate investing and currently have 2 sfh. Also I plan on discussing this process with my bank, but I am looking for input from others who are more experienced...

My husband and I are currently purchasing ($40-50ish,000) Home’s) for buy and hold in our area. We currently are using a heloc to buy the properties cash. Our plan is to purchase/rehab as many properties as we can using our heloc then would like to cash out refi on each home as one loan. Then after paying off the heloc, use the available cash from the to purchase more and repeat the process. My question..

1.) Can I cash out refi on multiple properties as one loan?

2.) Would you recommend this strategy? Why/why not?

I should also add we do not do this full time, but are looking to create enough passive income with the hopes of retiring early. We are not big on having large amounts of debt and plan on using the cash flow to payoff the principals as quickly as possible when refinancing.

Thank you for your input!