Cashout refi or HELOC?

[Marcus B Hsu]

I have an investment property in Chandler AZ

Appraised value $300k

Loan current balance is $130k, at 4.25% 30 yr fixed.

I put 25% down back in 2015 for it, and has just been going up since then.

To invest in more properties...

Would you do a cash out refi or HELOC ?

I've thought about selling and 1031 to more properties, but dont think it makes sense to sell a property that is cashflow +ve, in a good location, and have great tenant.

Thanks in advance for the advice!