They may charge you a higher interest rate than a bank and are usually short term lenders so you might have to refinance it after 6 or 12 months so you can find a long term lender or just sell it. 

Long story short, your HELOC is going to carry a 6%+ interest rate to start with and most likely will climb from there.

@John Barr sorry that I missed this post previously but the short on this is that you can absolutely find this in Texas....although it is EXTREMELY hard to find. 

To make a long story short; debt accumulated from college has left me in a bit of a bind as I’m living pay check to pay check trying to pay off the debt accumulated as a result of college.

Saw your message, I'll reply back to you shortly.

I got a job at Big White and looking buying to condo there so I can easily take care of it and dip my feet in short term rentals.Thanks for the heads up and look forward to speaking with you more.    

@Yonah Weiss - I will be sending you an email here shortly. 

I want to start connecting with like minded individuals in hopes to help each other achieve our long/ short term goals in the investing world.

My profit is short term capital gain.   

My name is Yaric or Ric for short and I am a 19 y/o wholesaler in the Northern New Jersey area.