Financing question for flips

[Charlie DiLisio]

I am looking for advice about financing my flips. I have two going on now and I have the cash and lenders for both including the flip money. I am looking at a possible tri-plex that I found (off market) and I am looking for options to finance it. I do have a few private investors who may want to JV on them but I am wondering if it is feasible to get a HELOC on the property I am living in. I have never had one before and I may be able to get 100% from Navy Federal credit union. I only need about 25 for the triplex but not sure how the process works for the rest of my equity. I have the equity but wonder how it will affect my credit score or other things to be wary of. Trying to avoid HML to lower the cost of the acquisition. I don't usually buy and hold but this one is almost next door to me. I appreciate any guidance. Thanks!