Can't get to my equity until later but want to buy now

[Julie Dillon]

I have a rental property that I can't sell till till next spring and it has about $70,000 in equity. I found some properties in another state that I want to buy now. I'd like to bundle them into one loan around the $250k to 300k range so I'm sure I'll need to put 20% down. I dont have cash on hand. My only other option (if it's even possible) is to borrow from my 403B retirement account. Anybody have any ideas or options? Can I borrow my own equity within a year of selling?

I'm a newbie at this. Any advise is appreciated.

[Julie Dillon]

Would it make sense to get a Heloc when I'm going to sell the house within a year? I dont know the costs associated with refinancing. The house is in a suburb of Columbus Ohio where equity shot up but signed a lease extension with my tenant till next spring. I owe $50K but Zillow has it valued between 135K-160K so conservatively, I should walk away with 70K+.  Would I even be allowed to open a Heloc when the house would be sold so soon after opening a line of credit? Dont banks want enough time to make money off me before I close the loan for good? Also, what's cheaper to borrow from...50K from a 403B retirement account or Heloc?

Thanks!