Just Applied for my first HELOC to put towards BRRRR

[Andy Rousch]

As I have been living in my first property which is a live in flip I have built a good amount of equity. Just applied for my first HELOC so I can hopefully purchase my first rental property. I live in NJ and have been checking into the allentown, and easton pa market, greenville, NC market, and Morris County NJ market. Not sure where I am going yet but if my HELOC doesn't get me enough to purchase a rental what is the best second form of cash? hard money lenders, adding a partner, etc??

Thanks! 

I am super nervous about using a HELOC to do my first BRRRR but I guess that is normal