Have you ever flipped a house using a HELOC?

[Matt Wells]

I am interested in using a HELOC on my primary residence to flip a house. If you have experience with this, please provide your example with your process and numbers. It will help me get an idea of what it may be like and also help others who are interesting in doing the same thing!

[Chris Teti]

I've used it to fund part of my deals. Good option to have but I prefer to use it as a backup to my business lines of credit. Reason is that as the HELOC balance goes up, it has a negative impact on your DTI, so you have to be careful, especially if you are using it in addition to another mortgage for your investment property.