Use HELOC, then refinance or go conventional?

[Don Jackson]

Hello BP folks,

I currently have 4 mortgages (my home and 3 single family rentals). I’ve read on BP that many banks will allow me to go up to 10, depending on my finances, etc. I just talked to a lender and he tells me my finances are fine and that he could easily get me another loan, with 25% down. My strategy is simple buy and hold.

The three rentals I purchased in 2007 with my HELOC, and then I refinanced each one. A lot has changes since then. My question: Does it still make sense to purchase a property with my HELOC, and then refinance? Or have all the changes since 2007 made it better to just go straight to the lender to purchase the property?

Any thoughts would be much appreciated.

Thanks,

Don