Equity Line of Credit

[Josh Wilson]

Hi my name is Josh, I'm currently living in New Orleans. I'm in the process of purchasing a duplex from my grandmother for $200k.

We ran a CMA on the property and it came back at $325k..my questions is, I will be living in one side of the house and letting the other side pay my mortgage.

Is it possible to take a equity line of credit out and purchase a smaller house and rehab and flip with the equity money?

Thanks

Josh