Buying Property with HELOC and Want to Convert to a Home Loan Lat

[Kent Julian]

I'm a buy and hold investor and currently have 3 rental properties... all are doing well and cash flowing nicely.

In the past, I've used conventional loans to purchase and would get pre-approved for these loans. Now, however, I would like to use my HELOC for the next purchase. Once I purchase the property, I'd like to get a more conventional loan on the property and pay off the HELOC... then do it all over again.

Any suggestions about best practices and/or best banks in Gwinnett County, Georgia would be appreciated. Feel free to point me to relevant posts as well.

Thanks!

[Dave DeMarco]

@Kent Julian I am currently in your situation and am attempting my current purchase using this method. 

https://www.biggerpockets.com/forums/48/topics/460...

It supposedly eliminates the seasoning requirement and lets you get your money back out right away. I'm working with Sun West Mortgage to complete the refi. Not sure if they lend where you're looking but worth a phone call.