buying distressed properties with a HELOC
Getting ready to buy my first investment property with a HELOC. I have $250k worth equity. Looking to buy a duplex, if possible, to fix up and rent. Is my best option to buy the property out right with the HELOC and then rehab with the HELOC also. Then refinance? Or, put 20% down on a property with the HELOC, then rehab with the HELOC, then refinance?