Home equity loan

[Michelle Sharko]

I'm looking to get a HELOC on my second home which I've only used for a few rentals, it's basically our vacation home.

It’s in a trust there’s no mortgage value $650-$700 wanted to take out $150,000 for renovation and down payment on another rental. 
I’m wondering good idea bad idea? How hard is it for a person with high credit score but no income, retired to get a loan? Have some income coming in but not from a job.