Using HELOC works best when refinancing BRRRR

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Hello everyone, When using the BRRRR strategy I always notice the refinance has many questions. A Home Equity Line of Credit seems to be the best option to use when refinancing a property using the BRRRR. I took out a HELOC on my first rental property in 2015. I got my HELOC from my credit union at 15 years interest only 3.75% APR with a promotions rate of 2.99% for one year on the first withdraw. I paid 0 closing cost as long as I don't close the account within 2 years and the appraisal was fast, I just needed $230K and it close in 4 weeks. I called many banks and done many research about applying for a HELOC or Conventional/other loans to refinance my next BRRRR property. The result HELOC WINS. 1- HELOC has zero closing cost. conventional/other loans you pay closing cost. 2- HELOC has 2 ways of doing the appraisal at no cost and faster. Conventional/other loans 1 way and sometimes at your own cost. 3-HELOC close faster 3-4 weeks. Conventional/other loans need at least a month. 4-HELOC offer a fair 4%-5% on investment properties. Conventional/other loans offer about the same if you pay points on some. 5-HELOC has no seasonal 6-12 month period. Conventional/other loan have the seasonal rule. 6-HELOC lets you refinance to increase your line of credit if you notice your home is worth more than it did when you first applied at no cost. Conventional/other loan is a period you must wait to refinance and most have a early payoff % or fee and if you get denied, you are stuck with paying the fees it took to process your application and such. 7-HELOC There's no mortgage loan limit of 4 or 10, you could have HELOC on all your properties. Conventional/other loans there is a 10 loan conventional limit then you would have to settle for a portfolio loan which the APR is much higher. HELOC has only 1 down fall, the property must be free and clear to maximize the loan, so if you have a HML, it won't work and most HELOC want first lien. PLEASE NOTE-not all conventional/other loans are what I had mention. I'm sure some of you got a great APR,no closing cost ,fast closing and etc, but majority of loans are in comparison.

[Peter Tverdov]

I also agree with this. I plan on doing BRR(H)R. (HELOC). When you do a CORF you only use that money once and now you are paying for that borrowed money for 30 years on your new refinance. With a HELOC I borrow it to buy more, then pay the HELOC down as fast as possible and use it again before the deadline arrives where you can't borrow anymore.