Cash with HELOC

[David Drew]

I'm trying to make a decision about whether to use my HELOC to make a cash purchase on a 2 family with great cash on cash opportunity in Binghamton NY. 59k w/ 1400 per mth rent. Is it better to buy in cash and then refinance OR go with a straight 30 year fixed and 25% down? While I know I have better bargaining power with a cash offer, I'm not sure if the rest is 6 to one, half a dozen to another. Anything the group could would be appreciated.