HelOC or HML?? Need advice

[Marco Morkous]

Parents offering to take out a heloc so my first flip can be a cash transaction instead of HML. Obviously better to use cash as well as have my option or who would fix up and rehab the place. Could be cheaper to use local carpenters electricians etc than GCs that are required for rehab with HML. Kinda apprehensive to make a mistake using their money though. What do you guys think?