using line of credit as a down payment

[Cole Black]

Has anyone ever used a line of credit to cover a down payment to get into the investment with no money down? eventually refinancing the property and pay off the line of credit. Is this a good idea bad or a bad idea? Haven't given it much thought but I thought it might work, what are your thoughts?

[Will Barnard]

Absolutely but I must warn you to be careful of over leveraging which has been the downfall of many. Utilizing lines of credit, HELOC's, credit cards, supply house credit lines, etc all come into play for the creative investor as does private money. When used prudently, they can boost your investment career, if you make a mistake and you are over leveraged, it can drop you into a deep hole.