Cash out refi or LOC?
I recently purchased a duplex in Cleveland, Ohio for cash and am currently setting up my LLC so I can change title from my personal name to the LLC. So, which is a better strategy to pull out cash for the next deal; cash out refi (Assuming I will have to personally guarantee) or some type of line of credit? I am sure there will be some barriers since my LLC is so new, even though I have owned two other properties in Memphis for a few years in my personal name.
Any thoughts or opinions will be appreciated.