Rookie needs advice ASAP

[George Abernathy]

Hi Fam,  

I finally made a profile after listening to so many podcasts and I have a question that I can’t seem to find the answer to. I know everyone’s situation is different which is why I’m asking for advice. So my wife and I are buying a new build in Northern Cali which we should be closing on in a few weeks. We sold our last new build in March when I was medically discharged from military. The profit was good and we have about 40-50k we would like to put down on a investment property back in our home state. 

Our dilemma is what's the best route to execute buying a second home right after we close on our primary residence? Would it be more beneficial to put down cash that we set aside and an investment loan or get a HELOC on our current property? If there are other options please inform me. I great appreciate the advice. If there are any meetups in the Bay Area we would love to attend. We hate that we missed bpcon but we definitely will not miss the next one.