Hi Matt,This can be a pretty loaded question and we don't know how much we're talking about but in a nutshell I would say you have to ask yourself this:If you use the HELOC as a down payment and something happens in your life where you need to use your savings up, will you be comfortable having a fully financed property and little to no savings?

@Matt J.

Hi @Matt Motil, the lot is in a residential area, so I was thinking of a residential fourplex or larger, depending on cost. 

Thanks @Matt Motil. 

Thanks @Matt Fish, made an offer that was accepted this past Friday.

Originally posted by @Matt R.

I agree with @Matt Motil. 

Originally posted by @Matt Fish:@Aisha E.

Matt my understanding is you fill the property with a tenant, take out a short term mortgage and then appraise it.  

@Matt Smith both the type of loan and type of property do not matter in a 1031 exchange.