Can a HELOC be used to fund the down payment on a mortgage

[Matt Mitchell]

I'm new to REI and trying to learn as much as possible. One question that I have, can one use a HELOC to fund the down payment on an investment property mortgage? Just trying to be as creative as possible, and thought this would be one way when attempting the BRRR strategy or flipping without burning through my own savings.

Also, We purchased our home about 18 months ago and the home has appreciated quite a bit due to the area, providing us a fair amount of equity in the home. Are there any stipulations with a HELOC (i.e.: is a certain % of your mortgage required to be paid down before eligible, or are you required to have had the mortgage for a certain period of time?, etc.....)

Thanks in advance for the advice!