I just bought my primary residence this year with 20% down. I don’t think I have any equity to draw from the primary. I’m looking to draw equity from a rental that is free and clear to purchase another rental. The unit that I want to buy has low owner occupancy. It will probably have to be a cash deal for new property. I like the flexibility of the HELOC, but I can’t find one with a good rate for non-owner occupant.