Tips on Using a HELOC to Purchase Investment

[Julian Addy]

I purchased a single family home from a good friend of mine in the middle of the year this year. I ran comps and I should have enough for 15% down on an investment property based on the equity that I have on the house. I plan to save up to 5-10% of the rest of the down payment in order to have enough to put down. 

My goal is to BRRRR a 3 family in the next 6 months using a hard money loan and refinancing.

Do you have any tips or mistakes to avoid when doing a HELOC on your primary residence? Or your first BRRRR?

Any advice would be helpful!

Thanks. 

Julian Addy