Can I BRRRR with HELOC ?

[Dayana Chavarria]

This might be a silly question but I'm a newbie and don't want to run into financing issues further down the line.

I am considering getting a HELOC on my home to purchase my first rental apartment. I would be looking for a fixer upper that I can add some sweat equity to, to Rent and then Refinance...

My concern is, will it be hard to qualify for a 3rd loan when I want to refinance the rental property to pay off the HELOC balance?

If so, is there a better way to access my equity to purchase my first rental?

Thanks!