HELOC for Fix and Flip: Need Advice with 65k Equity?

[Carlos Hernandez]

I currently own a property that I utilize for short-term rentals. My existing mortgage has an interest rate of 4.5%, and I owe $247,000 remaining on it. I have approximately $100,000 in equity built up. I'm considering applying for a Home Equity Line of Credit (HELOC) on this property to finance a fix and flip project. My intention is to access around $65,000 through the HELOC. I'm interested in hearing your thoughts and advice on this plan. What do you think?