Home Equaty Loan vs Refinancing

[Cesar Egas]

Hello everyone I'm new here in BP I'm a general contractor transitioning into becoming an investor so new in a lot of subjects, I live in Oklahoma, and want to hear everyone's opinions, advices and experiences related to this subject. I'm trying to decide between getting a Home-equaty Loan or Refinance a property that I have to raise money to use it in a next investment. Also I will appreciate if everyone who leave a comment will talk numbers in the difference between these 2 options. 

Thanks in advance.

[Ron Harris]

Do both!

• Refinance your rentals and reuse the cash.
• Add a Business HELOC "Line of Credit" on the extra equity.
• Add a Business HELOC "Line of Credit" on your personal residence.

Use the lines of credit to buy houses and then refi into a longer-term commercial loan. It's the Brrrrr...