Buying a new rental with heloc

[Tony Chiha]

Hello

I just bought a home for my family and I haven't even moved in yet waiting on the previous owners to leave in the next couple of months. We got a great deal on the property and we are going in with about $275k in equity. My question is, I found a rental property investment in Denver, brand new build in an area that is booming. What is your thought on taking out a heloc on the new home purchased to put a down payment on the rental investment? Thanks so much