Is using HELOC still a good idea with rates being so low?

[Elsie Winheim]

Hello! I'm completely brand new to REI. I currently own 2 homes. I am recently divorced and refinanced both properties in my name. I pulled out cash in one house to pay my husband his share of the equity for the homes, and I pulled out cash from the other house so I can have a bigger down payment to buy another home in my town.

I still have quite a bit of equity in both homes. Do you think I should use a HELOC to purchase more properties? I was advised not to since rates are so low, but that seems to be the only place that I can pull cash from. It would take me forever to save the amount necessary for another down payment. I watched a lot of videos on HELOC and REI, but most were before rates have dropped so low. Does anyone have any advice for me? I would so appreciate some insight. Thank you!