Can I use my HELOC for down payment on rental property?

[Ty Wesley]

Hey BP members!

If I were to get a home equity line of credit on my primary residence, would I be able to write checks against the credit line to close on an investment property?? Or does the bank just give you a credit card with your limit being the amount of the equity your house has?

I've never gotten a HELOC before and I'm not really sure how it works. I plan on going to my local bank to inquire soon, but just wanted some quick clarity on the way it normally works.

Thanks in advance BP!