Heloc on a seller financed deal possible?

[Tyler Fisher]

At the end of the year i will be acquiring my 4th house. This will be a seller financed deal with family, it will be a full rehab but i will be purchasing well below market value (60K under) once i get it fully rehabbed and ready to rent am i able to get a Heloc on the property since its a seller financed deal? I am not looking to cash out refinance since i am getting such a good deal on the home being seller financed with such low interest and they are willing to finance the entire length of the loan (12 years).

Thanks for any insight 

[Dave Skow]

@Tyler Fisher-  great  -  good luck and contact several  heloc  options   and  ask  the  other questions  noted  ...I would  recommend  contacting the smaller  to mid size  bank  and  credit unions in the  area  you are  buying for heloc options