Using a HELOC for first property

[Stephen Daniel Pace]

Hi BP! I'm looking into getting a HELOC on my primary residence since I have significant equity mainly due to the current market. I'd like to use it as a down payment or cash purchase for my first investment property so that I don't have to use my cash savings. I've seen and heard that this is possible but want to get thoughts from others who have done this and what success or challenges they've had. Thanks in advance for your replies!