HELOC Hunting

[Kyle Sutton]

As our primary residence is paid off (that was done a couple of years before I realized that real estate investing looked awesome) I'm thinking that I'd like to look at getting a HELOC for initial capital on my first (few?) deals.

What kinds of questions do I need to be asking going in?  What should I be looking out for?  What should I be trying to make happen?  

I've read that I should look to get this done now and let it sit in my account for a few months before looking to make my first purchase (bc if I end up going conventional mortgage for that they may want to know where this fresh money came from) but beyond that, I don't know much.   Any advice would be greatly appreciated.