Holoc or hellan brrrr down payment

[An Nguyen]

Planning to take out money $110k-$150k from my primary paid off house to use as down payment for investment property. Talked to 8 lenders each has their own highlight product which is so hard to choose. I am still searching for propety now which can take time to find good deal. For HELOAN, I have to make monthly payments right away even still looking for property which can take months. At first I think this is good way bc it offers fixed rate (local CU offers me 4.99% fixed for first 12 months then variable) but i have to rush to find deal and start projects right away which can be risky. While heloc I just pay when i use which can be relevant to bRRRR strategy , but main thing is variable rate which start at 6.5% and can go up or low. How often rates will change? Like can it be 6.5% this month and next month 10%? My exit will be refi investment property to pay off HELOC/HELOAN within 6-12 months. Anyone have been in investing route, can you share some thoughts? Thanks Peace ✌️