New to REI looking for advise

[Daniel Campos]

Hello Biggerpockets 

I'm looking for advise on what my next steps could be, currently have 2 properties one of them is a rental, a single family home 15yr mortgage with a 2.5% interest and I'm living in the other one a single family home 30yr with 3.5% interest and needs some renovations. The thing is I want to buy another rental but don't have enough for a 20% down payment I was thinking about getting a HELOC on the rental to use it as a down payment on a BRRR property but I'm not sure if it's the right thing to do, the other option I thought about was renovating the 2nd property and getting a cash out refi and do the BRRR but this option would require more time, or if there's another option that I could use I would really appreciate the advise.

My goal is to add more property's to my portfolio that can generate a good amount of cash flow.