Using a HELOC for a down payment

[Matthew R Mofield]

I recently opened a HELOC on my personal home in hopes to use some of that money for a down payment on a rental property. I have been looking at various properties in my area (single family) as potential investments. My question is...how do I use my HELOC for the down payment on the property initially and then refinance the property later and pay that HELOC back off. I’ve been told that this can be done. Is this possible? What stipulations are there for this to work? I’m a new investor and any help I could get is appreciated.