Paying off line of credit

[Andrew Sprinkle]

I just bought my second rental property. It was bought entirely using our line of credit. My business partners now want to refinance so that we can pay off the loc and move on to our next property. Is this a good idea, or should we just stick with what we have? I should also probably mention that the new house is currently unoccupied and the second house’s tenant is in the process of being evicted for not paying rent.