Should i use a HELOC or home equity loan? please help

[Evan O'connor]

I own a house completely paid off and I wanna use the equity to fund my next property. I'm not sure whether to use a HELOC, home equity loan, or a cash out refinance. I thought a HELOC would be the best path but I was told from a few who don't invest in rental properties very much that a loan is better. I would love direct advice from a professional or anyone who has experience with this.