Just finished a BRR, still need my last two R's!

[Tony Holloman]

Bought a place, completely renovated inside and out and now looking to get my capital back out. Stuck between a cash out refi (fixed rate) and a LOC (variable but about the same as refi's as of now) (not a HELOC but home is collateral lol 🤷‍♂️🤦‍♂️)

Kinda leaning towards the LOC because I can use that money repeatedly after refi's on the next places. Not sure how it reports on credit as far as utilization etc goes. Any insight on that would be amazing! A cash out refi on this one would give me my capital back as well but would take a little longer to close on. I'm still a newbie with 6 doors total but only two being rented currently, I invested all my profits from a successful construction company into properties that needed work and planning to BRRRR at least one of those in this cash out and try to pick up two more units close by a fellow investor is wanting to get rid of to invest more into his subdivision and they both will cash flow well immediately as they both have long term tenants in them currently that want to stay. I closed the construction business and now I'm solely focused on investment properties and doing my own rehabs by using one of my guys as my maintenance guy and to oversee things when I'm not there and subbing out a bunch to fellow contractors. Any advice, recommendations etc is very welcome and appreciated! Thanks in advance, everyone at BP rocks and I've learned so much from here, FB pages and reading! First year as full time investor and no looking back for sure!