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Updated over 5 years ago,
HELOC vs Refi, which to choose to start investing
My primary residence has 200k+ of equity(due to significant rehab and market growth). We've decided to move to another home, keep this as a rental and plan to aggressively invest in RE via BRRRR strategy. Trying to decide if I should use a HELOC or REFI from 15 to 30yr and have my cash up front(keeping monthly payment the same). We currently airbnb 1 of the units so the house already pays for itself. Moving would generate additional income from the second unit.