In one of the most recent blog articles (I just received an email yesterday pointing me to it), the author (@Dave Van Horn) discussed using a HELOC as a sweep account.It's method #3 in the following link.https://www.biggerpockets.com/renewsblog/eliminate...This sounds to me like using a HELOC to make payments on the primary mortgage. 

Once our year is up of living in the property our plan is to move out, turn it into our first rental and buy a small multi to house hack using a low down payment FHA or conventional loan .

I recently have become more interested in building my portfolio and using a few real estate strategies such as the BRRRR method and I would like to know in general has anyone used a hard money loan to do this kind of transaction?

Thanks for all your responses....Walt - While I have had tenants that did not understand the mechanics of using a shower curtain, based upon where it is dripping, that is likely not the problem.  

@Shmessica Shmilcott I’m sure the judge will love that you used a fake name on a forum instead of using a lawyer.

Have anything you'd wish you'd known about REI using a VA loan that you know now?

@Mark Doty Consider using a local insurance broker that can shop for the best term based on your specific case and not affiliated with one company.

Purchase a distressed property as a cash buyer (may help negotiate a lower purchase price) by using a personal line of credit and some of the 10k, then obtain an 80% LTC loan to renovate the property.

But I am in the process of buying a foreclosure using a Reno loan.

Are you using a HELOC in your personal name, or are you able to do one if it is in your LLC?