If so does anyone have a recommendation for a local lender that offers good ltv and rates on helocs in the Wake Forest/Raleigh area?

This also applies to HELOCs

Can I refinance these into fixed FHA loans then put a HELOC on them?

Or maybe I misunderstood him, but he basically said to try for a HELOC on our existing property, which we don’t have to sell yet to be underwritten, and use the HELOC to make updates and use a conventional loan 5% down, to purchase the property.

I'm applying for a HELOC since i have a lot of equity in my primary residence that I could put to use BRRRRing properties.

Hello all,I'm considering taking out a HELOC to help finance my first deal in the Memphis area.

@Lawrence L.Tapping into the equity to get a line of credit, like a heloc

Here's an idea @David Sweatman:If you have a 100k to invest then your personal residence is probably paid off.If you have good credit, use the good credit to get a HELOC at a great rate.Then use the money from your HELOC (and the 100k) as a down payment for a 20-40 unit apartment complex or commercial building.If you have an IRA with more 50k - you should consider using a self-directed IRA to invest that money in real estate too.

However it would probably rent for $2,200-2.500 per month, which would be $26,400 in gross rent per year, and I could take a HELOC to use $100,000 or so for a new purchase, and rent would still cover that loan.I'm rambling now, sorry, but just wanted you to understand why I offered my suggestion. 

I believe I’ll be able to obtain a HELOC plus I have a little bit of cash squirreled away.Question is, do I buy a place outright in cash that needs a moderate amount of work in an area that is to some, up and coming, but to others is not very nice OR do I put a 20% down payment on a nicer MFH with more units and put some sweat equity in (I’m really handy)Minus all of the nuances of investing, my concern mainly lies with, am I setting the bar too low by playing it safe by not getting a mortgage on a place?