Is it reasonable to take out a heloc when i have a property 11 months old?

It could be done, but HELOC's usually have a maximum Combined loan to value (CLTV) guideline.. and for most it's 90%. So if you put a bunch of money down or your property value has increased in value, then you might be able to get a heloc, but if your CLTV is greater than 90% then you don't have sufficient equity to borrow against it.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Would need more info to help you. How much equity do you have in the home?

Not enough information to give the right answer.