When we did it, we did score some great deals, but what we found was that we were visiting so many properties to understand our "strike price" (the maximimum we would pay for the property when taking into account rehab costs, hold times, interest on any debt, closing costs, real estate commissions, a contingency reserve for "unexpecteds", etc) that the math started to not make as much sense.

In college, work on the basics - get good grades, don’t get into debt, build your credit, etc.

Floating rate debt is a ticking time bomb on them.  

I have no debt, significant equity, good W-2, and excellent credit.

Hey Samantha, I'm personally not a fan of paying off mortgages—especially fixed-rate long-term debt like yours.

Used a HELOC on a primary, and was sure that even with that additional debt-service, there was + cash flow.

My question is "for anyone with this particular experience" Is it a far fetched idea to do a cash out refi on house "A" to payoff some personal debt and large payment on house "B" to knock down the principal?

Thanks BP community for giving us these forums.

Used a HELOC on a primary, and was sure that even with that additional debt-service, there was + cash flow.

We secured a 200k USD senior debt position which allows us to avoid raising so much equity.