Need help using HELOC to buy investment property

[Albert Johnson]

Hi I am new to this. I am currently in the process of getting approved for HELOC. My question is can I use HELOC to put as a down payment towards another property even if my HELOC is less than the property I want to buy? Would I need a second mortgage?

as an example the home is $200,000 and HELOC $20,000.

Also when do you normally make an offer on the property? I haven't gotten the HELOC yet.

thanks in advance