Line of credit brrrr-ing

[Alex Bernth]

Let’s say I had a portfolio line of credit worth $100k and I were to use that to invest with the brrrr strategy. Would it be better to

1.) Purchase 1 property in full & renovate then payback line of credit with cash out refi money.

Or

2.) Purchase 2-3 cheap properties with minimum down payment (20%) on each, renovate then use cash out refi to pay off line of credit.

I hope this makes sense. Any better ideas for using line of credit?