What's best Refinance or HELOC

[Miguel Dormany]

Hello BP, 

Here's my question. I have a rental property that doesn't have a mortgage. I am wanting to use the equity to purchase more rental properties. Don't know if it is best to Refinance or do a Home Equity Line of Credit. 

I tried to do a refinance with my bank Navy Federal Credit Union, but because I don't live in the property I can't do a refinance as a primary or secondary home. 

Any help is greatly appreciated.

Thank you