You want to take a second loan (HELOC) on your primary residence to use it to go get a third loan, first on a new property?

While we initially planned to keep the property to retain as a rental we determined that the current market would offer a better return if we sold it as well as allow us to pay back the HELOC we leveraged of our home to work through the flip being it had a higher interest rate.

You could also apply for a HELOC on your home to use the equity for whatever but obviously you have to make monthly payments so ideally you'd want to make sure the cash flow from a RE investment is higher than your loan payment.Another piece of unsolicited advice....

To make up the difference, some investors bring on equity partners or use HELOCs.

@Walchli DonnaIs this where you take a line of credit and use it to pay your regular mortgage but put all your deposited money into a HELOC?

I would either do  HELOC or sell.

@Jamie Warcken well, I was going to ask why you didn't go the renovation loan route or get a HELOC but if you are unemployed then you wouldn't be able to get those. 

That all adds up to home prices increasing well into 2025 and 2026.If you refinance now you are going to get a better rate verus a HELOC for example. 

With HELOC rates at 8%, however, and taxes due on the investment income, the spread isn't high enough to justify the risk.

I would talk to lenders about the HELOCs, refi's of you existing properties to free up cash.