Question for those who have used a HELOC to invest

[Account Closed]

I am seriously considering taking a HELOC against my home and using it to start my flipping business, or possibly as a down-payment on an income property (but most likely flipping).

Would love to hear from those who have taken a HELOC (for whatever reason), and find out: What your LTV was. How how much you were allotted. How much your monthlies were. And how much you were able to use at once?

My situation is this: I owe $413K to my loan. My home value is somewhere in the $650-700k range. I'm hoping I can get a HELOC of around $150K to start my business.

Thanks in advance.