BRRRR...HELOC vs Cash out refi?

[Daniel DeSurra]

I'min the re-finance stage on my BRRRR deal. I'm noticing cash-out refi terms are more expensive than usual due to the current financial/pandemic situation. I'm wondering if any of you have considered doing a HELOC instead? I plan to use the capital on my next deal and pay off the property in 15 years. Thoughts?

Thanks!

[Jonathan Barr]

I think if you are doing a HELOC more short term like 2-3 years I think its ok. Then you can refi into something with better terms. I also think probably what you are getting now historically is good rate/terms. So most likely that refi your looking at now is actually pretty good all things considered. What are the rate terms you are looking at now?