HELOC or CASH OUT REFI

[Terry Harris]

I've been recently debating what to do as I finish up the renovations of my home. I recently bought my primary home (which will be a house hacking rental property) for $175,000. My ARV for this home should range from $245,000 - $260,000. Whether I do a cash out refinance or a HELOC, I do plan on putting the money into a secondary investment property. My question is what would I be better off obtaining, a HELOC or CASH OUT REFI. I have some time before I get into this so would just like to hear you guys thoughts and/or considerations. Thank you.