Not our forever home, should we HELOC?

[Kellyn Cameron]

Hello everyone!

My husband and I just closed on our first STR in Beech Mountain, NC and are looking into getting a HELOC on our primary to assist in funding another deal. We just bought our primary a year ago, but it has appreciated a TON since purchasing. We only plan on living here for a few years before we move on due to family/work, but want to keep it as a rental once we move out. I have seen that if you plan on moving soon, it's not a good idea to utilize a HELOC. But if we plan on using our primary as a rental would this still be a good idea?