Using HELOC for BRRRR

[Benjamin Pifer]

I'm thinking of using a HELOC to fund most if not all of my first BRRRR deal. I own 100% equity in my home.

What was it like using HELOC for a BRRRR deal for those who have done it? Are there any problems with this tactic I should be aware of? Do banks allow you to pay off your HELOC with a cash out refi? Any early payoff penalties of the HELOC?

Thanks for any advice!