HELOC or refinance? Pease help

[Aqil Dharamsey]

Hey BP - Need help deciding what's better: HELOC or refinancing. I am sitting on a few properties that I own free and clear. I am looking to buy additional properties this year and wondering if I should refi and cash out or just have get a line of credit against the houses and use the money at my leisure. Rates are about the same on both. The biggest advantage I see if that on a refi I will have a payment every month even if I don't use the cash out money. Has anyone on here recently been in this situation. Any advise will be helpful. Thanks!