What is the best way to use free and clear rental?

[Darrell Bratton]

I am refinancing a portfolio and instead of a cash out refi, I am pulling a property out of the loan that equals the equity in the portfolio. My loan amount stays the same + plus closing costs and a higher interest rate, but I am getting better terms so the increase is not much. How best should I use the free and clear property to put a down payment on my next deal? Should I HELOC it or use it as collateral and put it in the loan with the next deal? I would like to keep the house as free and clear with some sort of HELOC so that I can sell it if I wish to as opposed to having it as part of a portfolio again. What are my best options?

[Kerry Baird]

All in One first position 30 year HELOC, where you can draw and repay over a number of years followed by a period of repayment. Can draw, buy a property, pay it off and do that again. Go to Ridge Lending and search for their AIO product.