HELOC? Other Financing Recommendation? Please Help

[Lee Kozokas]

Hello Everyone!

I have a few properties which collectively appraise around $230K, with $42K of associated debt. 

I would like to obtain more properties. I have done some research and I am lean towards a HELOC on all the properties to unlock ~$140K (230-42*.75) for doing this. A HELOC will give me the flexibility of having cash for repairs, negotiation, ect.

If there is a better financing option PLEASE enlightenment me. 

Also, does anyone have any recent experience with a bank offering HELOCs/HELs? Any suggestions?

Thank you for the look!

-Lee