HELOC vs Cash Out Refinance on Primary Residence

[Jake S.]

My home is fully paid for and I'm looking to use the equity to purchase more properties.

Should I get a HELOC or just cash out refinance and lock in a lower rate?

HELOC is more flexible, but is interest only and doesnt allow for equity to be rebuilt.

From my calculations, the cash out would be only slightly more per month anyway

Thanks for the help!!!