Using Equity line of credit to rehab the property?

[Cesar Chin]

Would using an Equity line of credit to rehab a property be a smart thing to use every time when purchasing properties for rental purposes?

[Brian Mcmenamin]

@Cesar Chin I use my equity line of credit for just that. I make sure when I refinance to pay down the equity line first. I have also done it where I use my cash flow from another property to pay off my equity line on repairs on another project. I prefer to use my equity line for rehab purposes than for new purchases.