Cashout refi or HELOC?
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!