I just got notice today that I have been approved on my HELOC and want to get some insight how other people have used their HELOC for real estate investment purposes.

HELOCs are a similar option for some.

Hi all,I am in the middle of getting a HELOC for a house hack I am currently doing.

Is it possible to get a HELOC on bother properties.

It also takes away the ability to have an exit strategy, use for HELOC, and most importantly -long term growth. 

This should inform whether selling makes sense in light of your other plans.Personally, given the low balance on the outstanding note and the presumably low Prop 13 property taxes you will pay on it, I would hold it as a rental and take out a HELOC to use for investment capital.       

I recommend consulting an experienced agent first though, they can help you out a lot.You could also take out a Home Equity Line of Credit (HELOC).

Use my equity to purchase an investment property using a HELOC and stay put in my current house for a few years. 

My strategy has been to take out HELOC's rather than cash out refi's simply because you do not pay interest on the HELOC funds until you pull them. 

You need a place to live, and you can some day pull equity out of it in the form of a HEL or HELOC for your REI.