Heloc, refinance or portfolio

[Daniel Dawson]

I currently own two properties,  one rental and one owner occupied. Rental has $45k on the loan and rents for $1200 , appraised @ 115k. Owner occupied property has 90k on the loan and appraises @160k. I am going to start acquiring more properties but would love to get some feedback of what method you are utilizing.  I am considering a heloc or possible refinance. This Is more of a "what would you do" in my position question. I have also spoke to a portfolio lender that is interested in funding the purchase and repair so I can later finance long term $.  However I think the cost of the portfolio loan was going to cost more. I will mainly be looking at properties that need a bit of work. Thanks everyone for your input