Rental Property Funding Question: HELOC to finance your investing

[Rahsheen Slaughter]

Hey, Bigger Pocket peeps, is it risky to use a HELOC to finance purchasing an investment property and refinancing to pay back the HELOC? Are there any CONS I should watch out for? I have a fair amount of equity in my personal residence, and I would like to purchase a property within the next 30 days. I closed my first rental property in November using a conventional loan. The goal would be to BRRRR my next investment using the HELOC. I have a low-interest rate on my home and don't want to cash out and increase my rate to the current rates. Any suggestion? I really appreciate any help you can provide.