Once your house is done if you want to use equity you can explore doing a HELOC or a cash out refi.

Let me know what you guys think I have about 70 K in liquid cash $250k in a heloc , so total is $320k I’m working with Option 1: Go 5% conventional on a two family home which would be about 90 K with down payment and closing costs , I am preapproved for 950 K .

A Home Equity Line of Credit (HELOC) allows you to borrow against your equity without having to sell it, which means reduced interest rates and property ownership.

.- Because of appreciation, I have been using HELOCs and sold my last house hack in order to scale out of state.

@Daria B. when I say 1st lien HELOC I mean I have a current mortgage and I want to refinance it as a HELOC. 

I prefer to tap into the equity using a HELOC I’m just unsure about the best way to grow and scale from there.

I am new to real estate investing and was looking into taking a heloc on my primary to purchase land and do a construction loan.

This could help me understand how much you might be able to leverage through a HELOC or cash-out refinance.What’s your Debt Service Ratio (DSR) on those properties?

This isn't always the best option since current rates are in the 6.25 - 7.25% range for DSCR loans. 2) A HELOC on their primary residence.

I finally landed a deal on a flip house I bought for $30,000.00 using my HELOC on my house.