Moving money around question - Helocs

[Greg Junge]

Hi Bp, So I have a 200k mortgage on my primary residence that's worth about 250k. But I plan on renting this house out in a year but I want to get a heloc on it before I do that, so I can get a highed heloc when it's my primary residence. Plus it's easier to get a heloc on your primary than a rental. If I had the 200k available to pay this mortgage off, get a heloc for 80% or 90%, then take that money out and use it for investing, essentially I have the same amount of money if not more, and a heloc on my primary that will be a rental soon enough, and I can pull from in the future again for investing. Has anyone done this or see any flaws in my thinking? All information and opinions are appreciated! Thanks, Greg