BEST way to leverage HELOC

[Sean Harris]

I'm a BRRRR investor that will be using a HELOC as my "cash" for upcoming investing. I just want some opinions on which is the best way to leverage it. I figure if I purchase a property with equity already in it, then do the rehab I will have to wait 3-6 months to refinance depending on the lender. Which could set me back because of the interest payments I will be making on the HELOC. I also read about delayed financing which if done correctly I could pull out some of the money to pay back the HELOC immediately then once the property is seasoned, do a cash out refi and pay the rest off, rinse and repeat. I obviously want to be able to pull the money out asap so I can buy more properties back to back but the HELOC is my only "cash" way of doing this at the moment and yes I know straight cash is way better.