Does it make sense to purchase rehab with a HELOC and then do a conventional refinance?

Hello, new subscriber here! Does it make sense to purchase/rehab with a HELOC and then do a conventional refinance? Any limitations…seasoning, closure of HELOC, etc.?
(from youtube – https://youtu.be/78Lp1zbKKVE) -
Tamarra

Timestamps
[00:20] What is delayed financing? (See this video - https://youtu.be/78Lp1zbKKVE)
[00:36] Get private money like fix and flip loan
[00:42] Some fix and flip lenders will build in all the costs
[00:50] It’s easier to do a conventional takeout loan if you document everything that you spent
[01:15] What is the advantage of HELOC?
[01:28] Always keep dry powder to keep the equity line for another investment
[01:40] Use other people’s money (OPM) to get a fix and flip loan
[01:48] Do not put all your money into one deal, leave some reserves

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#HELOC #fixandflip #househacking

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