I want to purchase my second home using the equity from the first

[Juan P Gomez]

I have a Condo with about 72k in equity. I would like to purchase a single family home @ $298 or a duplex at $375 that i really like . What would be my better option to make this purchase. Heloc , Home line ? Not sure if there is a better way . Can some one help me, also i have 20k in saving to add to the down. 

Thanks 

[Bob Woelfel]

@Juan P Gomez probably isn't enough information here to really know the complete situation, but I agree with the others.  I'm not a big fan of newer investors using debt for down payments and taking on more debt.  That is a house of cards that can come down quickly if the numbers aren't great or if you aren't capitalized enough.  The safest play is to sell and use your equity for a DP on a duplex where the tenant helps cover your mortgage, thus allowing you to save more money.  You might be further ahead that way and it's a lot safer play as well.  Good luck.