What would you do with a $275,000 HELOC?

What specifically would you do with a $275,000 HELOC?

Buy a rehab project for $200,000 with $50,000 for repairs in a suburb of a major metropolitan area?

Buy a really cheap 1/1 in Manhattan to flip for $250,000 to sell for $500,000 a couple of years later while renting it out for tiny cash flow?

Buy 75 square feet of parking space in Monaco as a long term hold?

Short 50 S&P 500 mini futures contracts?

Buy 275,000 $1 bags of candy?