HELP! Stuck on the refinance part of the BRRRR!

[John Williams]

How do I best leverage the equity in my property to purchase another property?

Here are the details upfront:

Purchase price-$135k

Down payment-25% ($33,750)

Target ARV-$170k

What is the best, most cost effective way to pull out this equity gain and use it for a longer term, mortgage-like loan that I will use to purchase another property?

HELOC?

Home equity loan?

Cash out refinance?

Something else?

Thanks!

Buy and hold!

Clarksville, TN

Multi family

[Brian G.]

@John Williams with a full cup of coffee, read this:

https://www.biggerpockets.com/forums/48/topics/460294-how-to-cash-out-1-4-unit-property