2nd deal in 1 month??

[Robert T. Brown]

In need of some guidance. I am currently under contract for obtaining my second rental property. I have my first rental property with roughly 50k of equity. I just found a second deal that I would like to get quick. So my question is 

1. How should I go about getting the equity out? HE loan or HELOC

2. Will obtaining this equity affect my current pending deal under contact?

3. Does obtaining the equity affect my credit score? (780+)?

Thanks. 

[Kelly Madden]

@Robert T. Brown - Is the 1st property brand new? If so, I’m guessing it’s too soon to refinance and pull out the funds that way?