HELOC or Cash Out Refi?

[Christopher Sarter-Soto]

Hello, everyone.

I'm a newbie looking forward to getting started and getting my first BRRRR deal. My biggest struggle right now is understanding whether to get a HELOC on my primary home or do a cash out refinance so I can get started. Can you all give me your thoughts, pros and cons?

I owe around 168k on my primary but the last appraisal about 1 year ago came in at 422k. There's a lot of equity here I can tap into, but I just need help with the options.

Thanks for the help!

Chris