Making your bid more competitive and speeding up the closing process.
Many investors use a HELOC to buy and renovate a property, then refinance that property into a long-term mortgage to pay back the HELOC. This "resets" the line of credit for the next purchase. using heloc to buy rental property
Ensure the rental income (after expenses and the primary mortgage) comfortably covers the HELOC payment, even if interest rates rise by 2% or 3%. Making your bid more competitive and speeding up