HELOC for RE investing HELP.

[Jorge Retes]

For anyone that has experience using HELOCs I want to know what is possible and what am I overlooking (I am New to all this). So my parents have a house with almost 180k of Equity in it right now. I had an idea of having a conversation with them to see if they would be willing to open a HELOC and use that to help bridge finance a portion of a Fix and flip investment with a typical hard money loan for the rest. so here are my questions. Is that possible? could they even invest in my projects? could they invest if the investment property is under an LLC for a fix and flip?

I want to understand the limitations of a HELOC when it comes from a private investor point of view, considering it would not be my personal credit line but theirs. I do intend to ask my local banks Aswell, but I want to hear from the investors here too.