Cash out Refinance or home equity loan

[Christian Thompson]

I currently on a SFH that I rent out. I've had the property for 2 years now. I'm looking to get into small multifamily. I'm trying to pull more lines together for the down payment and rehab of the property.

What is best to do? A cash out refinance or home equity loan? Or is there something someone else suggest?

I currently owe 167k in the property. It appraised for 180K 2 years ago. Not sure how much equity I would be able to pull out of it if I did a cash out refi.