I leveraged a HELOC on my first property in the amount of $200K and utilized that as a warchest to start acquiring cash flowing multifamily.

I came across a loan program called Renofi that will lend you a based on the future value of your home after rehab. Has anyone used this loan program before? What was your experience like? 

We try to set people up for success day 1, but often they don't listen.You're right, both about me thinking about HELOCs and not 2nds and the rational for the protection of the homestead. 

If you've already converted your old primary to a rental and are no longer living there, you'll likely have a hard time getting a Heloc on it.

Leverage Equity WiselyTapping your home equity via a HELOC or cash-out refinance can accelerate your multi-family investments, but you must factor in the debt service to ensure it doesn't kill your cash flow.

I did think about HELOC option for downpayment but If I do a separate purchase, that's another mortgage.

The house was purchased for $200k using a HELOC from my primary residence and part of my savings.

Buy two of those well and in a year or two get HELOCs on each and do it again.To Your Success!

Wow, Just finished my initial call and set up with Justin to invest money from my HELOC.

With the loan on the home however, I would take out a HELOC and purchase the property outright, then take a loan out and on the HELOC to pay off it off.