Using a HELOC to buy an investment property

[Andrew Marzec]

Hi All, My parents have been kind enough to offer me access to a HELOC on their primary residence. I have been buying student rentals and been doing well so far. They have seen my success and offered to help me grow even further. Has anyone had any experience paying for an investment property (in full) with a HELOC? I have seen a lot in the forums about using a HELOC for the down payment but have yet to see a thread about buying an investment property outright using one. Is it allowed/possible? Any advice is greatly appreciated. Thanks!!