Best way to use HELOC

[Casey Keck]

I am new to investing. I have not yet made my first deal. My wife and I will have our primary residence paid off next month, and I'm looking at how best to utilize that equity to begin investing. Depending on the percentage of equity I can borrow, I could pay cash for a rental, refinance and pay off the HELOC. Or I could use a lesser amount as a down payment on a fixer upper and use the BRRRR method. Any input, recommendations, etc? Like I said, I'm a total newbie.