Using HELOC for down payment for rentals

[Mark Guest]

I am a new investor and want to start with building a portfolio of rental properties.

Is using a HELOC advisable for funding the down payment and renovation costs on my first property purchase? My end goal is acquiring multiple properties as mentioned in the Bigger Pockets article "A Slow, Boring, Incredibly Awesome Strategy...Real Estate Investing".

At a 80% LTV I have about $130K available for a HELOC.

Any thoughts or recommendations for a newcomer would be welcomed.