HELOC or Loan for Big JOB - Need Advice

[Shiva M.]

Hello Everyone, 

I've couple of rental properties, one of which is 45yrs old and has little equity ( I bought it a year ago). This property (3 bedrooms, 2 bath) has a sewer line (cast iron) break up under the foundation and I am planning to get a re-route the complete plumbing underneath. They gave me an estimate for 15k. I also have a 10 yr old property which has 30k equity in it. Should I get a HELOC on this newer property and get the repairs done or what you guys suggest. Any advice appreciated. Thanks

Shiva