HELOC on our home to help fund our first deal?

[Tim Scroggins]

My wife and I have been in the learning and research phase of investing and are wanting to take action. We shouldn't have any issues with bank lending but funding our first rehab will be tough. Unless, we pulled from the equity on our home. We refinanced last year so we would probably just be looking for a HELOC. My only concern is if we plan to sell any time soon (might rent it out instead), there would be little to no return if we pull all of our equity out now. Thanks in advance!

[Tim Scroggins]

@Jonathan Greene- That is a fair point. We will definitely take that into consideration especially going into our first deal. I know the best way to learn is by doing it but I also understand there is a right way and a wrong way to get started. Thanks for the advise.