Is Now (Still) a Good Time to HELOC?

[Travis Pirtle]

I've finally convinced myself to pursue a HELOC on my primary residence to fund the down payment on my next rental property, but the speculation of additional rate hikes has me nervous. I've contacted a few lenders, and they do have ceilings in place for their variable HELOC loans, but they are very high (15%+).

For those who have HELOC'd to fund rental properties in the past or believe in that philosophy, do you still believe it's a good time to do so? Or does the risk of significant rate hikes in the near future put the pause button on this strategy for the time being?