HELOC vs Fixed 30yr Capital

[Corey Perdue]

Good morning BP community!

I am looking for some advice on the capital I use for BRRRRing properties. Currently my buying power is using the equity in my properties in the form of HELOCs. This has been a very useful tool over the years. Using the capital as needed, rates have been low(obviously a variable rate), and ultimately not paying on the cash when its not being used and a good source of temporary money. 

Now, with the way things seem to be changing with market conditions and interest rates, and all the unknowns in-between, I'm considering converting my HELOC's into 30 year fixed rates. This seems to me to be a big commitment to "permanently" borrow the money on a 30 year fixed but at the same time it seems to be the smartest play in the long term.

I'd love to hear all of your feedback and thoughts on still utilizing HELOC's vs getting FIXED equity in your properties! Where do you think HELOC rates will go in the future? Also, wasn't there a HELOC freeze in the last housing crisis in 08'?

All your thoughts are greatly appreciated!