Seeking Guidance on Next Steps for Financing & Scaling Investments

[Essence Goff]

Hi everyone,

I'm a new investor in the Columbus area with a fully rented duplex and looking to take on my next project. Given that I’m currently unemployed, I’m leaning towards a fix-and-flip to generate some liquidity.

Here’s my current situation:

• My first investment property (the duplex) was purchased using a HELOC from my mother's primary residence (via Union Savings Bank), and the deed is currently in her name.
• I also secured a second HELOC against the investment property to cover contractor expenses.
• I'm considering transferring the property into a DSCR loan under an LLC, but I believe this would close out the second HELOC—can anyone confirm if that's correct?

My goal is to leverage the remaining balance of the second HELOC to fund another investment while exploring hard money or other creative financing strategies. I'd love to hear any insights or suggestions on the best way to structure this move while keeping my options open for future deals.

Thanks in advance for your advice!