Using the same bank to do a Heloc and refinance

[Emmanuel Fregene]

I am looking to take out a heloc on my primary home to buy a rental property and use the BRRRR strategy. When it comes to the refinance, do people usually use the same bank they used for a heloc (to purchase the property) to also do the refinance (for better interest rates) out of the heloc? And if so, how long do you usually need to have the heloc before you can qualify for a refinance (assuming you have the equity built up)?

Thanks in advance for your help!

[Account Closed]

@Emmanuel Fregene, it took me a minute re-reading your questions to get at what I think you're asking: To summarize, you're thinking of using a heloc to purchase a property and then are wondering if you'd use the same bank to refi out of that heloc to a conventional loan. 

If that is your question, I think the answer depends. There is no harm in asking that bank that did the heloc what they may be able to do for a refi; however, they may not have the best refi loans or even necessarily be able to do your refi. For example, I just finished getting a new heloc from an institution (not in my state) I found with a very good product; however, I also asked about doing a refi on a duplex I own in another state and they are unable to lend on duplexes. Other institutions may only be doing refi loans within a certain region.