Purpose of loan (expressed to broker) is to pay off all current debt…90k HELOC, 50K mortgage (6%apr) on rental property (vacant/remodeling), and 30k credit card debt…basically a consolidation of all my obligations.

Even if a HELOC has an adjustable rate, I'm more interested than a refi.

With the COVID-19, I been reading a lot how banks are not doing cash out refinancing or HELOC... so I know all the investors are saying that in this time you need cash in hand .. though I have some cash I know it may not be enough.

HELOC, mortgage.

Why would you payoff the HELOC and use Hard Money instead? 

@Seth Mceleney if you have sufficient equity in the duplex you could potentially get a HELOC and use that for down payment on the next deal.

I recently put myself on a strict budget and will probably use a heloc for my down payment.

It seems like, if there was equity in this lease option property that he has, he would just be able to take out a heloc on it and pay off the note on the property you are trying to buy.

Could you setup a HELOC and just take out cash to invest as needed?

Escrow at 1001/month and rents for 1400/month.we want to sale our current rental to purchase a SF student rental with good cash flow. 155k PP 15% down and monthly payment of 990/m and rents for 1860/m through 2021. if we can't sell our current rental fast enough to do a 1031, would taking out a HELOC on our primary home (65k in equity) be the next best thing?