Best way to pull money from home to purchase property?

[Hank Austin]

Hi I am just getting into the investment/cash flow industry and I was wondering what everyones thoughts were on pulling equity from your primary home to purchase a property. Is a HELOC a good way to go? any advice would be great! thanks

[Thomas S.]

HELOC is ideal to access your cash. You only pay interest on the amount used and you can use it on a ongoing bases. Using it as a DP on a income propery you can deposit your rent checks directly into your HELOC account and withdraw your expenses from the same. When it is paid down enough you buy your next property.