HELOC for Fix N Flip in LA

[Samantha Derman]

Hi all, looking for advice before I pull the trigger on a HELOC on my own home. My goal is to use the money for fix n flips. I definitely qualify for a good chunk, but trying to decide if it's better to get an interest only HELOC or a P and I HELOC. Or should I just not worry about that and go with whichever has the lower payment knowing my goals are to lower carrying costs and I'm going to pay off the principal when I sell. Also variable rate vs. fixed... I assume fixed because I want to know what the carrying costs are and don't want any surprises, but I'm open to any and all experience!