Which financing to use for a Flip??

[Peter Shafik]

Hey guys! I just need a little boost to help me get going on this flip. I'm flipping my parent's primary residence, and I'm wondering if I should take out a HELOC or Refi. It's ARV is currently around 270k, The remaining mortgage is around 95k. One contractor walked through the place and estimated repairs to be around 100k/120k on the conservative end. I honestly think that the wise move to make would be to make it a rental because then less repairs would go into it and I can start making cash flow. My question is which route would be best to make that cash flow? Refi or HELOC? Looking forward to any advice. Thanks!