Cash-out Refinance or HELOC

[Amy Dan]

Hi, everybody. I am Amy.I and my husband Ray live in Broward County, South Florida. We are thinking purchasing our first rental property within next six to nine months. The price of the homes down here went up a lot in the last four years. We have some cash reserves but we don't feel comfortable to use all that just for the down payment. We also have a HELOC with $40,000. Should we cash out refinance out primary residence to pull more cash out or should we just use own cash reserve+ HELOC for next down payment and any extra fees? Thanks for your help.