Multiple LOC’s as investment tools

[Trista Yerkich]

Just getting into the game. Looks like my best financing options for my first flip are a securities backed LOC, HELOC and/or 401k loan. Will I have issues if I apply for two lines of credit at the same time? Are there implications I'm not considering? I have no debt other than my primary mortgage and very high credit scores. Don't want to impact that negatively by opening up multiple lines of credit at a time but the high interest on hard money loans doesn't look appealing to me.