Using 100% LTV HELOC to jumpstart REI

[Ryan Morrissey]

Hey all - I am currently pursuing a 100% LTV HELOC on my primary home that was/is a live-in flip that we decided to stay in for an extra 1-2 years. I plan to use the HELOC to essentially act as my own hard money lender to pursue investments in income properties using the BRRRR method. I currently live in a strong, stable market just outside Boston, MA and the ARV on my home was recently appraised at $170K over our current note. So a couple of questions here: 1.) what are your thoughts about the strategy to leverage equity in primary residence to jumpstart REI plans? There are obvious pros and cons here, but overall thoughts? 2.) can anyone recommend a lender who will do a 100% LTV HELOC with relatively competitive rates and terms and who does business in the New England area? The best I've seen so far is HFCU who is currently offering 5.25% (variable rate) for a 30 yr term, first 10 years interest only required.