New investor need guidance

[Christian Smith]

Hi All,

This is my first post in bigger pockets. I have been a long time member.

I now have 2 properties. Property #1 Is a three family and Property #2  is a Duplex that I owner occupy and rent out the other half.

Property #1 is valued at around 500k. It currently has a 300k mortgage is cash flowing $1,400.00 a month

Property#2 was a BRRR and is valued around 900k. I have a mortgage of 585k and I come out of pocket 1k per month to cover the mortgage and another $ 500 a month for the utilities. If I were to move from this property my unit could bring in roughly 4k a month, cash flowing 2.5k a month.

I am looking to get my next property and wanted to get input on HELOC compared to keeping equity on the property. What would your next move be? I currently would not be able to afford another property for another year without the HELOC but rates are so low I'm torn.