HELOC high LTV (90%) without refi?

[Bruno C.]

Hi all,

Looking to buy a property using a high LTV heloc on my personal residence. I don't want to go any higher than 90%ltv.

A few questions I have:

1. Are the banks out there who will take a second position Heloc for someone even if they're not in first position?

2. Does taking a HELOC cause any headaches for securing an additional loan from a bank on the balance?

Essentially my strategy is to buy this property, do some minor rehabs, then refinance or sell.