Using HELOC to put 20% down on rental

[Ryan Cartier]

I currently own my primary home free and clear. I am considering using a heloc to provide the down pmt for a rental.

My plan is to buy 1 rental by the end of this year and have 3 by the end of 2018. I am trying to see the best route for me to leverage the properties and finance as I go along. I obviously would like to get to the point where I have my heloc at 0 and out of the picture.

Running a detailed analysis from this site, I should cashflow $300/month on a 200k home including the heloc payments.

Any advice is welcomed.