HELOC as down payment

[Steve Francis]

Hello all,

I've been looking for my first rental property for almost a year now and have found one that looks to cash flow about $400 a month. I don't have the capital for the 25% down payment but have a 50k HELOC on my primary home that I could use. Does it make sense to use the HELOC as a down paymewnt and try and pay it off as quickly as possible? Any advice would be appreciated.