HELOC on rental property on bad DTI
I have 2 rental properties which is recently rehabbed (almost 12 months after purchase). I bought them with conventional loan around $80k. I put around $30k repair on each of them. I expect the ARV to be around $180k, though I'll be conservative and put $150k as my target. Both properties are rented for $1600/month.
I want to tap into their equity. But I don't have a job right now due to family reason so my DTI is pretty bad (my other properties are reporting a loss in my tax return last year).
What's the best option that I can use to tap into the equity? I want to use the money to rehab my other property and do another BRRRR. That's why I prefer to do HELOC cuz I want to get low interest rate and a way to easily pay back my loan without penalty.
My credit score is 660.
Any help is appreciated!