Re-financing or Line of Credit secured by property

[David P.]

I am about to refinance a few properties and have had several discussions with investors regarding leveraging the money in these properties. One of the investors indicated that I could maximizing my leverage point; taking a HELOC on my personal residence @ 80% LTV paying off one of my properties and then taking out a line of credit secured on this free and clear property @ 80% LTV and rolling to other other properties. Besides the cost of doing it this way and the leverage point/interest rate being higher - what are the other pro/cons to doing this strategies?

[Curt Davis]

Well, this can be tricky bc the goal eventually is to own free and clear real estate but its also attractive to have more cash to buy more property. 

Not sure what to tell you as I have used a HELOC to buy and sell homes. Good luck