What should i do first. Loan or HELOC??

[Randy Coker]

So here is the sitaution, I want to make sure I do it all in the right order to get maximum growth.  I am looking to Buy and Hold at the moment.

My primary house has great Equity. Appraised at 310K and owe I 85K

I have 12K in cash in the bank

I can get a Pre approval letter for 6% down and 30 year mortgage at 4.5% I have lived there for 23 years and lender said i would qualify as a new home owner.

My credit score is 690 so not stellar.

NOW....

Do I buy a cash flowing rental with the 6% Down first?

Or get a HELOC first and then use that money for down payments on a multi or a few SFH?

and third option is rent my primary that will cash flow around $1200 a month and then house hack a new one?

I am in the Houston Area so deals are out there but sometimes a bit pricey.

Thanks for all the help guys.