Should I Refinance Free/Clear Property To Buy Another Property?

[Kelvin Washington]

Hi all! I currently have a SFR Rental Property that I paid off late last year. I am very interested in doing more real estate investing, but this time, using the BRRRR Technique.

So, instead of using private/hard money to fully fund any deal, I was thinking of doing a cash out refi on the paid off rental and using those funds to help purchase another property. 

I am at a crossroad. Go with private/hard money to fully fund the deal, or do a refi? What would you do? My property is worth approximate $90K. 

Thanks! 

[Thomas S.]

Set up a HELOC and pull out enough to do the minimum DP. At the same time use more of the HELOC to purchase more non BRRRR investments with minimum down on each.