Taking out a HELOC on a single family home

[Daimyan Hutchison]

When should I take out a HELOC on my property when I renovated it. Like should I wait a month or two or year?

[Paul Shannon]

If its your primary residence, you don't need to wait at all.  Start the process.  The bank will appraise the property and you'll get 70-90% of the value as a line of credit.  

If its an investment property, you'll need to have it season for 90 days at least most likely.  These loans are a bit harder to find, but they are out there.  Any bank will want a first position lien.