2 HELOC's at the same time?

[Joe Norat]

So we are looking to grow our portfolio, and have a large amount of equity in both our primary and rental property.  I live in a HCOL area, so I'd need to tap into equity on both properties to be able to buy another investment property with cash.  

I know that PenFed offers HELOC's on both types of properties, but I wanted to know if anyone has been able to get 2 HELOC's, on 2 different properties(primary and investment) at the same time? Credit scores and DTI are not an issue for us.