Is using money from a HELOC for a down payment a good idea or not

[James Short]

I'm getting a HELOC and will have 95k available. I understand how this will be beneficial if I find a property to BRRRR. What about just using the funds for a down payment?

With a BRRRR the goal is to recapture that investment being able to repay the HELOC.

Is it still good if you you the money for part of a down payment and just get conventional financing if it’s still a good deal?

For example, if the property is in good condition and doesn’t need a rehab but the cash flow would still be good. I guess you would just have to factor in the regular mortgage payment and then the additional payment for the line of credit?