HELOC and how long until the banks will allow the loan?

[Jesse Simpson]

My wife and I are in the process of buying our first home. We used all of our savings for this purchase along with a funeral we just paid out of pocket. We are looking to purchase rental properties, however with our savings now depleted, we are looking at HELOC. How long after purchasing a home, will banks normally approve a loan? I'm very new to BP, and I'm looking at every avenue to get started. I've reached out to 30+ hard money lenders with no or little response. Getting $5,000-$10,000 for a private lender will take forever to save up as we have 5 children who eat that much money in food a month, (so it seems). I appreciate all comments and suggestions as they are valued probably more than anyone would know!

Thank you!