HELOCS and Credit Cards to pay each other?

[Jesse Palmer]

We are looking at closing soon, barring a catastrophe, on our first investment which we intend to flip. We plan to purchase the home outright with a HELOC we have out currently with plenty of access to funds left over. We are planning on going for a 0% interest CC, ideally with cash back to fund the rehab but also to make the HELOC payments once we tap into it. The other side of the coin is that we have been considering then, paying the CC bill with the HELOC and of course after selling, paying both back off completely. Has anybody ever used this tactic? Thanks ahead of time!