$200K HELOC - How to invest?

[Matt Hudson]

Hello All,

I'm looking to use an open HELOC on my primary to fund the purchase of my first property. We have a $200k line with a 1.99% apr until July 2020. My initial thought was to BRRR the first property all in, including reno, at $150k. I feel comfortable at that price while trying to stay conservative on the first deal until my risk tolerance raises. If every goes correctly then this would allow me to pay back the HELOC and repeat.

How would you use a $200k HELOC?

Look forward to hearing your feedback.

Thanks!