Originally Posted by
ZBowFlyz
Your bank should have the details. In my state we need at least 25%down for the bank... And that's not really that good most of the time. The more you can put down the higher the cash flow. (It's a bad idea to HELOC your house)
I had a friend try to refinance a rental property a couple years ago down in GA. The bank told him he needed at least 50% equity for them to refinance a rental property.
Also, using a HELOC on your primary residence to buy a rental property strikes me as an awful idea.