HELOC?

[Patrick Nelson]

I'm new to investing and I am partnering with a GC, we are planning on starting an LLC to purchase properties. Is using a HELOC to get started a good idea? If I have two separate properties could I take out two HELOCs (use one to buy properties and the other to make the interest only payments?) My thinking on this would be I would only have to make payments out of pocket on the HELOC that had the lower amount withdrawn (what is being used to make the interest only payments) instead of the HELOC that had much more withdrawn that was being used to purchase properties?