Hello all, I am residing in Massachuesetts.

When you say "buy a home", do you mean "Buying a personal residence" or "Buying a flip" or "Buying a rental property"?

Is the property you are thinking of getting a HELOC, is it your primary residence? 

My original plan with the land was to build a primary residence/shop on it because I like the location and got a good deal per acre.

I have a remodeled in law suite at my personal residence (my mom was there and passed away).

If they have a weakness in residence/rental history, income/employment history, financial/credit history, or legal/criminal history, but generally meet all of your significant requirements, then collect more security deposit to cover your risk.You can download an example of our Rental Criteria, as well as Tenant Screening Questions, from the BP File Place if you're interested in seeing some examples.

- This property is in a good area (about 1/2 mile from my primary residence), but is on a large lot with several trees and essentially no grass. 

It will likely depend on whether it's owner-occupied (do you live in it as your primary residence?) 

Using your primary residence as your own personal HELOC bank for BRRR strategies is very enticing.Tim SmithKennewick, WA

Andrew to be fair I think the buy a house with instant equity ship has sailed unless they are like you and these investor reside there have the ability to source pay cash hire their own crews etc and thereby EARN equity..