Using a heloc to brrrr

[Trent Gulino]

Hello everyone im a newby, this is my second investment property.I'm using a heloc from my primary residence to buy an investment property for $145k and I'll use my own cash for the $15k in renovations. And the ARV will be $240k and im trying to figure out my exit strategy now. Everybody I have talked to says there is a 6-12 month season period before I can refinance and get my money from the heloc back out. Is there any other options anybody else would do or would you just wait 6-12 months to refinance to start on my next venture?

Thank you for the help