Cash out refi or Heloc?

[Joel Lazar]

I have one SF property in Orlando with $200k in equity and one in Ormond Beach with about $150k in equity. I want to leverage that to scale up into a MF property.

What's the best way to do that and what entity is the best to do it with? Also if I understand the cash out refi, I am paying off the old mortgage and getting a new mortgage for a percentage of the new value, correct? The cash I get is tax free too right?

THANK YOU.