Sell mortgage-free property or take out HELOC

[Carlos Garcia]

I'm in the process of BRRR'ing some properties and can't decide whether to sell one of my properties (no mortgage on it) and get all cash or do a HELOC from the property. It's a long-term rental and I get high rental income since no mortgage on it; however, I would be forgoing a big cash out if I didn't sell property in the coming months. On the other hand, I was thinking to keep the property, continue the rental income, and just take out a HELOC. Any suggestions and reasons to sell versus keep would be greatly appreciated.