Refinancing out of a HELOC

[Emmanuel Fregene]

Hello, all!

I'm trying to get a better grasp on HELOCS as it relates to the BRRRR strategy:

Let's say you use a HELOC to buy a property. Once you've done the rehab and rent, how exactly does the process of getting your HELOC money back in the refinance work?

I’d greatly appreciate any explanations. Thanks!