Heloc or personal loan on rental property

[Vitaliy Zima]

Hi,

I rehabbed a property I bought last year using my heloc (cash purchase).

The heloc current rate (6.5%) is slightly lower that what I would get if I refinanced and pulled money from my investment property (7.25% dscr loan). I don't currently have a need to pull the money from the property, but I'd like to have funds ready should I find a good deal somewhere. I have bad debt to income ratio as I have decent amount of rentals under my name and sole person with a w2 income in family. I don't like to have to pull money out and then have a 30 year loan on the rehabbed property so I was thinking heloc but due to debt to income they won't approve me. Do I get a personal loan or what options do I have to pull money out and have it readily available should I need it?