Cash-Out Refinance or HELOC?

[Josh Huber]

Hello everyone! 

As I continue to search for multi-families to purcahse, I'm stuck in a mental debate of Cash-Out Refinance vs. HELOC?

I purchase a house about 2 years ago that I fully renovated and moved into. I currently owe 40k, and the appraised value of the property is 120k, leaving me with 80k in equity. If you were in my shoes, would you have more interest in a Cash-Out Refinance or take out a HELOC to fund a multifamily investment?

Thanks in advance!

-Josh