HELOC VS Conventional Refinance

[Jacob Bopst]

Hi there!

Can we go over some positive and negatives on using a HELOC(home equity line of credit) VS a conventional mortgage when doing a BRRR(Buy rehab rent repeat) strategy? I'm looking for what gives you the best return/cash flow and what do you typically find. Does HELOC usually have lower rates? Amortization, what does that mean and how does it apply? Does one have restrictions that another doesn't? I would love to hear your opinion.

If you have experience with examples please share! Thanks in advance.

Regards,

Jacob