Home Equity line of credit

[Andy Perez]

Hello, Biggerpockets...

I purchased a 4 family building in New York (Bronx) with some equity in early 2016. Now $60K later, I feel the property now has over 180K of equity in it. I've been looking into getting a Home equity line of credit sometimes referred to as a HELOC, but not too sure what the best options I have available to me or even which bank may be more beneficial. I understand that this is money that the bank would give me for repairs/upgrades to the home, but can be used for any other reasons such as to purchase more properties. Has anyone used a HELOC to purchase real estate and if so, what tips can you offer to get started?