Refinance or HELOC for 1st Rental
Trying to post this again.
I was given a property some years back as a donation. So the property is free and clear of any debt. Unfortunately, I was not able to use it as rental property and start my venture into real estate investing until now. The property is in need of some TLC, such as paint, they were heavy smokers and smoked in the house, appliances, and some updating.
Trying to decide if I should do a refinance or use a HELOC to make the repairs/update to get started. With the high interest rates now, not sure which would be better. What thoughts or advise would y'all give to someone in this situation.