HELOC Utilization for "1st" Property

[Zachary Mroczkowski]

So my main goal this year is get my first property under my belt. I'm trying to be creative in my financing so I'm working with my Parents. Were using a quick deed claim to transfer ownership of their 1 rental to me. We have 100% equity in the property. Im looking into utilizing a HELOC to purchase my "1st" property. I've been educating myself on the process so I know the "basics" of it but was curious how others experiences went and if any advice could be given by you cool cats!

Any articles/videos that you particularly like that helps with further details?

Any particular banks that I should look into or definitley stay away from?

What was your process like?

Any tips you could offer?

Anything you would do differently?

Thanks all!