HELOC or Home Equity Loan a Good Idea?

[Nathaniel Donnelly]

Hello all!

At the point where we'd like to get a 4th property. I have about @150k equity in my first house, and was thinking about taking out a HELOC or Home Equity Loan to put down on a new place (if the numbers produce positive cash flow, of course). Still have to get that place appraised as well.

Any advice out there on if or how I should go about this?  In San Diego, so any new investments will be out of state probably, so there's that.  Been talking with @Memphis Invest about purchasing out there.

Thanks for any advice!