HELOC or Cash-out Refinance?

[Whitley Dahl]

Hello! I am looking to begin my real estate investing journey by purchasing my first property. We already have a $100,000 HELOC at 4.25% that we haven't touched or we can close that account and do a cash-out refinance on our property and probably be able to get $250,000 max. Any ideas on where to begin trying to decide what to do? What should I take into consideration? Thank you so much!