Cash out Refinance or Home equity line of credit

[Eric Palomino]

I am a new real estate investor working on obtaining my third multiunit. I have been purchasing my units in Chicago and the Chicagoland area.  I wanted to see if anyone has experience using a cash out refinance and a home equity line of credit? 

Based on your experience, what costs are involved? 

What did you learn that no-one mentioned to you? 

Are their tax incentives using either one? 

Any additional information would be very helpful! 

Thank you in advance.