SFH Cash Out Refi vs. Heloc in Tampa FL area

[Ellie T.]

Hey to the amazing BP community.  Need some help with $$$ questions.

I'm in the process of purchasing my first SFH (buy and hold) properties in Florida and curious about financing. To close fast and get better pricing I am paying cash for the properties, rehabbing them and then will rent them out (BRRR). I used my Heloc on my primary for this.

I am looking for tips regarding refinancing to buy additional properties.  Would you recommend a Cash out Refi (I'm getting quoted 4.5-5K in closing costs and 4.75%), vs. Fixed Interest Heloc (no crazy closing costs from my experience w my primary).

My questions:  

What route would you go with? Pros/cons

For Heloc, can you recommend a bank in FL that's favorable to investors?

[Account Closed]

@Mark J. It seems many banks are starting to eliminate PLOC products. I’ve had a 100k PLOC for over 10 years with Wells Fargo and was informed a few months ago it was being pulled. From what I’ve heard Suntrust has done the same. So my thoughts on this are they trying to reduce their risk or force customers in to another product.