Should I: 1) 2 stage: take out a HELOC loan now to pay all credit card debt off.

Alternatively, you can use your own funds to purchase/rehab (Cash, Heloc, etc.) and then use a private lender on the back end to be the bank after the property is stabilized.

Or maybe don't pay it down.Should I do cash-out refinance or Heloc for the investment down payment?

What if you use a HELOC and/or other type of low interest rate credit line?

We're short on money for the reno and I was naïve in understanding HELOC's. 

@Krishonda Johnson people will accept cash at any point in the process, you just never want to offer cash if you can't actually self fund the deal (ie cash or a Heloc, etc.) and then hold up closing by dealing with the bank when your offer was a cash offer. 

We were talking about Helocs and how to use them and he told me that a new law was passed recently that prohibits the use of a Heloc to buy a new property.

Account Closed I believe most lenders want you to have the property for 12 months in order to do a HELOC on an investment property.

I even tried to get a small HELOC on a property and got refused.

I used a heloc to buy the home and will be refinancing it out on a 30 year mortgage to increase the cashflow.