HELOC, Home Equity Loan, or Cash out Refi

[Ray Realdine]

Hi I purchased a property on March of 2018, rehabbed it and now have it rented. I’m looking to purchase another single family home to rent out, but here’s my problem: I’m not sure whether to pursue a Home Equity Line of Credit, a Home Equity Loan or a Cash out refinance. Here are the details of my situation: Purchase price: $92500 20%down: $18500 Loan balance: $74000 Interest Rate: 5.25% PITI: $700/month ARV: 135000 Equity: $61000 What is the best strategy to get my equity out?