Best way to use untapped equity in rental properties?

[Josh King]

I have 2 rental properties I paid cash for years ago and I have never borrowed against them. They are 2 single family homes worth about 257,000 and 296,000. My personal home loan has a mortgage balance remaining of 157,000 and it's currently worth 550,000. I have a heloc on my personal home for 200,000 but ive only used 16,000 of it. I have always feared debt but I'm finding myself high on equity and low on cash flow. So I was just wanting to get opinions on the best way to leverage the equity and heloc I have?