BRRRR...HELOC vs Cash out refi?

[Daniel DeSurra]

I'min the re-finance stage on my BRRRR deal. I'm noticing cash-out refi terms are more expensive than usual due to the current financial/pandemic situation. I'm wondering if any of you have considered doing a HELOC instead? I plan to use the capital on my next deal and pay off the property in 15 years. Thoughts?

Thanks!