I have thought about doing a HELOC but I feel like I am just creating another payment at a higher interest rate.

(I'm worried that my sisters lower credit score will negatively impact interest rates)Purchase the house outright for $160K , pay off the note, wait 6 months seasoning period and take a HELOC out for AUD.

Any thoughts on completing a 1031 exchange and then taking a home equity or HELOC on the property to access equity in the new property?

Purchase price: $116,000 Cash invested: $25,000 Personal home that will become a rental once fixed and updated or will be used for HELOC to purchase other properties on/off market at that time.

I have come to discover that banks do not like offering HELOCs on investment properties... but many lenders are quite happy to give you a HELOC against your primary residence.

I have quite a bit of equity in this house that is now valued just south of $180k however the thought of giving up my precious 2.75% rate for a HELOC makes my stomach turn.

Currently, I am renovating my home to get a HELOC or sell.

Has anyone done a HELOC for a home that was owner financed? 

Home Equity Line of Credit (HELOC): If you already own a home with some equity built up, a HELOC can be a fantastic option.

As of now Lower.com partners with Andrews Federal Credit Union to offer the 95% HELOC.