On one of the Podcast episodes, the guest shared that he'll encourage people to leverage the equity on their house (through HELOC) before any impending crash.

It's kind of ridiculous and laughable, or incredibly bold if intentional, for the company to include such a contradictory statement immediately following the required Texas disclosure.To recap:Company is currently operating as an unlicensed lender across multiple statesThey require an owner-occupied home to secure an equity line of credit for a consumerThey do not consider the borrower's Ability to Repay, which might violate federal lawTheir hybrid 'Construction HELOC' (my term) fails to meet several TX requirements:Requiring a Deed of Trust violates terms of TX consumer construction loansBorrower doesn't control money drawn from the LOC, which violates TX requirement: "The owner requests advances, repays money, and reborrows money."

For example, HELOCs aren't bound to Fannie rules.

I am thinking of taking out a 200k HELOC on my personal property to buy 4 or 5 SF homes to add to my portfolio .

I'd pay with a combo of cash and HELOC and then use a convention mortgage once rehabbed and rented.Do these look like good deals to you all?

I could also use the HELOC to pay down a mortgage I have at 6%.

It kind of depends on your needs-- my bank counts the full amount of the HELOC as credit card debt :(  So if you use all of it and/or don't make consistent progress paying it down, your credit score could take a hit.

Now with more knowledge about investment opportunities, I can start pondering about HELOC to leverage...I would have invested in IUL or UL instead of 529 if I had known about the insurance products earlier.

We can pull 75% of equity out with a heloc.- we have 75K to invest and can pull together another 25KI've been looking on the MLS and everything is over priced in California. 

My wife and I applied for a heloc using her primary residence purchased at 600k.