0% credit card to float bank draws

[Clint G.]

I'm getting ready to partner with an experienced investor/flipper on my first flip. He has recommended getting a 0% interest credit card to float material/labor costs while waiting on the bank draws once each stage of the rehab is completed, thus avoiding having to come out of pocket with large chunks of cash. We're estimating anywhere from 3-6k at a time. 

I'm sure some of you have done this. Any thoughts on this strategy? 

[Jon Schoeller]

How much is the total rehab? Estimated length of project? I guess this is fine since you will also be getting the points. Just make sure you have your own capital available in case things go sideways so that you can pay that card off before the 0% expires. Please don't over leverage yourself with what appears to be a short cut.