Can/Should I use a HELOC for BRRRR?

[Phil T.]

Hey all, I'm trying to figure out this BRRRR thing. I've got about $80-100k in equity in my personal residence. I'm interested in the BRRRR strategy, but would probably have to do it out of my area for it to make sense. Would it be a good idea (or even possible) to use a HELOC to buy a BRRRR property, then pay off the HELOC once I refi the BRRRR property?

Like I said, I'm not even sure that I can do this.  Has anyone else done this or does anyone have any advice about this?  Thanks!