Looking for advice. Cash out refi/ HELOC, or just save?

[David Cornett]

Looking for advice on best way to go about buying my next investment property. I own a condo which is worth about 160k, and owe 110k. I just purchased a single family residence for my primary residence 3 months ago. I’m looking at buying a property via the Real Wealth Network site, which matches you with a company that provides a turn key investment. The area I’m looking in looks like I would need to come up with about $30k cash. What’s the best way to tap into my investment condo to fund this second property?

[Corby Goade]

HELOC every time. Just make sure your purchase is a good enough deal that you can refi in less than a year and pay off the HELOC. Good luck!