What should I do with a HELOC?

[Alexandria Nicole Salgado]

I found a lender who will give me a HELOC for my 2nd home with a variable interest rate of 8.25%. I can access about 150k at 95% LTV. I don't have a primary so this is the only option I've found after calling many banks.

Any ideas on what I can do with a HELOC of this amount with that high of a rate?
 
Currently, I only have one property which is an STR. My goal is to scale fast so I can quit my W-2.

Thanks! 

[Luther Wilson III]

One of the best ways I can think of to scale faster is to utilize the BRRR method. I'm working with a buyer now who used part of a HELOC to do his first BRRR here in Kansas City! Along with that BRRR strategy - we'd recommend using creative financing whenever you can as well.