Can you use HELOC to pay off HELOC?

[Brian Plajer]

Hello,

I have a HELOC that I'd like to use for purchasing long-term hold rental properties (hopefully multifamily). The HELOC is interest only for the first 10 years followed by interest and balance payments for the next 10 years. My question is can you use a different HELOC to pay off the first HELOC as you approach the interest and balance payments?

thanks,

Brian