Opening a HELOC on a rental property to finance the next for BRRR

[Jeremy Sanderson]

Hello BP.  

Would having a second HELOC on a rental property in order to BRRR another property have an effect on my credit score? My specific situation is one where I just tapped about 80% of the HELOC on our primary residence for a note purchase (currently not performing). I have a rental house in a small portfolio which has no debt. It would be great to tap into that equity, but I don't want to appear overextended when I'd go to refinance the new house. Any thoughts?