please critique...

[Joe Boggin]

im a fan of rentals. i like the cash flow monthly. i have a property free and clear and i want to use the equity to obtain a second property. the reason i want a second property is to get the cash flow again. two rentals with one debt service equals nice margins for me...

hear me out...

if i take out a home equity loan i will have a fixed payment over 10 years but my profit margin after the debt service will be limited, however i will own the property free and clear after the term. if i take the line of credit i will only have to make minimum payments over the ten years which will give me low payments and a larger profit margin but i will own nothing after the term is done and i will be forced to sell the property to pay back the equity line...

what would you suggest?