HELOC on short ownership

[Brandt Baize]

Guys,

I just bought a triplex in November. I bought for $393,500 did a 1031 and put down $96K. Put about $38K in rehab and now is worth about $475+-. I am in the process of getting them rented out. Should cash flow about $500+- after all the expenses. I am wondering if there is a good chance I could get a HELOC from it even though I have only owned it for about 2 months. I have come across a couple deals I want to offer cash on. I have hard money lined up just need the cash for downpayment. Was thinking this could be a good avenue to take, or if anyone has any ideas I am open to them!!! The deals are all in Florida

Thank You Everyone!!!

Brandt Baize