Keep the Live-in BRRRR loan as is but borrow against the $60k equity in the form of a HELOC for help finance other deals. 3.

I own a home with some decent equity and am eager to utilize a Heloc  to begin my investment career.

In particular if you added this twist - Use all of your cash from the sale to pay down the primary and then do a no cost HElOC with one of the big banks (I'm doing one with 5/3rd right now and they're paying all closing costs, appraisal and title insurance for a prime float. 

@Jaron WallingHaving a HELOC the pmt is based on the balance you keep.

You might be able to get a HELOC.  

@Aaron Sauer, one of the cool things about a HELOC is that interest is calculated daily based on the outstanding principle.

Hey @Anthony Rodriguez,What if I use a HELOC as my down payment? 

I think I have narrowed down my geographical search to just a few areas now and plan to do as much research as I can on those areas while my heloc gets funded.

Use my equity position to get a HELOC for next property then BRRRR. 2.

One in NYC, which is free and clear, and four rentals in three other states that I bought this year with a mortgage.Tried signing up for a HELOC on my primary and just got the call from the underwriter of the particular credit union I was using that I was rejected because of the mortgages on my outstanding properties.They will not count the rent of a property until it's been on my tax returns for at least two years.