Newbie asking which option is best

[Kenny Kuramoto]

I have about 200k heloc available to invest. I want to start investing out of California as it's expensive here. Which option is best in your opinion? 

1. Buy one for about 150 and burrr or just one and start with that.

2. Down a property around 50k and buy a property then refinance to pay off the heloc as fast as possible? 

I've been looking everywhere GA is where I'm at right now as my coworker had a spot in GA and likes her first property. Thanks everyone ☺️