One is paid up through my HELOC and the other one I had parter with my brother in law from the Philippines.

However, since then I'v been able to leverage 100% by using my HELOC as my downpayment to pay for 8 more homes!  

I have two possible private money lenders and was going to take out HELOC on my current home to get all the funds needed for closing and then take out conventional 30 year mortgage on the purchase.

My plan was to use a HELOC I have on my personal residence to fund the purchase price and rehab costs get the house fixed up, rented, then do a cash out.

I am based in Tampa and I am looking into a Heloc.

I have two loans on it, from the days of no money down, a traditional mortgage for 336K and a HELOC(the 80-20-0 days of the mid 2000s).  

I told him we have a pending HELOC application from 2 weeks ago with his bank, but we never heard anything as of yet.

I took out a HELOC with a local credit union, and it worked very well. 

If so don't get to excited about using a HELOC for the down payment.  

My ability to act fast isn't much of an ability right now, but if I can get the basement of my DC house finished up as a separate apartment, that should really help my property value and I can look at a HELOC to take advantage of the increased equity.