BRRRR when your rate is already low

[Sarkis Gezalyan]

Hi everyone! I've been reading about ways to acquire a second property while holding on to my primary residence, but there are so many people with so many different ideas. Some complicating, some simple. What doesn't make sense to me is that at this current time, rates are so low that a cash out refinance isn't going to seem possible for a long time if you already bought a house at these incredibly low rates (am I correct here)? So to purchase my second property, which I will treat as an investment and rent out, what would be my best option? I've looked into HELOCs, but the fact that they have the repayment period and variable interest rate isn't going to help me out with cash flow when it comes to the high Los Angeles pricing. Thank you for the responses ahead of time!