Financing through HELOC

[Rheis Cloutier]

I have been considering for a long time investing in multi units. When I first started looking, I looked for a few years but just ended up buying a single family home that I currently live in and have for multiple years now. Lately I have been hearing a lot about his method of using a HELOC loan and using the proceeds from that as a down payment for multi units. Due to the rise in home prices, I have a fair amount of equity in my house and was considering this method. I was hoping that someone could explain this method a little more in detail as I have really only heard the few soundbites on Facebook Reels and whatnot. If I were to do this, which I don't plan to for at least a few months (I would like to properly do my research) I was also curious whether or not people thought interest rates on HELOC LOANS were going to start going down or continue going up? Most likely with the Fed cutting rates, at least historically, the rate cut has led to a recession which usually leads to lower interest rates in an effort to jump start the economy. I am just curious what people are predicting. Also if anybody has any suggestions on books to read on the subject of HELOC financing or any similar methods I would greatly appreciate those recommendations as well!