Borrowing against fully paid property?

[Danny J.]

Hi!

I've found some properties that I can buy for around 20k or so and noone will lend me for that amount so it'll have to be a cash deal. 

Question is, if I buy it in full will I be able to borrow against it? HELOC or just an equity loan for such a small amount? Has anyone done this? I'd love to hear some experiences, pros and cons, etc....

Thanks!