There is so much variability in land that true value can be all over the place in an area - especially if it isn't just uniform flat land with the same road frontage and utility access.

For example (depends on the brokerage), if your Taxable account value is $80,000, you may be able to borrow 50% of the value (without selling any stocks, bonds, etc) at a variable interest rate.

Too many variables that could go against me here.  

A pro for the HELOC is they can have lower rates than equity loans as the bank is incurring less risk on the LOC because they're normally variable rate compared to a 30 year fixed where you're paying extra for the stability of a fixed rate. 

Also, I'm not super well educated on the different loan options (HELOC, normal equity loan, fixed vs variable rates, etc.,) Each one seems to offer certain benefits that others don't, but then those benefits are subsequently offset by the "downside" of each particular one.

I recommend you do this each year to adjust for utility increases and other variables.

I know there are a good amount of variables that go into every forum thread/post, but would love some feedback or give insight on success stories they had using a HELOC. 

With higher interest rates and higher real estate prices, investors will be forced to take out variable short fixation period loans in order to get a low enough interest rate that will generate the cash flow they require. 

Hi James,There are a lot of variables here.For instance I'd rather have a 4-plex or a 5-unit in the path of progress then a 4-plex or a 5-unit in Resume Speed Iowa.For others that might be the reverse.Are you looking for cash flow or appreciation, what is available to you that you can get a good deal on.

Make a note that the interest rate is a variable  one with  HELOC but you would have access to the money without paying interest on it until you find a deal and you are ready to use it.