Using a Heloc as a downpayment

[Michael Cabral]

Hi Everyone,

I'm looking to buy my first rental property and I've seen countless videos and articles about using a HELOC for a downpayment on the property. I don't have enough money for a downpayment but want to start Real Estate Investing now so I'm interested in using a HELOC

My question is:

If I take out a HELOC for a 25% downpayment of a condo here in Miami, so let's say $35,000 of a $140,000 property, how do I pay back the HELOC's monthly payments and the standard 30-year fixed rate mortgage of the rental property at the same time while making money. It seems like it would literally take years to pay back the HELOC.

I feel like I’m missing something in the strategy.