Las Vegas, Heloc, home equity loan, investment

[Oliver Martin]

Hi. I'm a beginner investor here in Vegas. Hoping to get some inputs from the experts and experienced investors here. I purchased two SFRs back in 2012. One is paid with cash. I bought it for $120k and renting it out for $1100/mo. It's current value is around $180k. The other one is with FHA loan but has equity of around $150k. I have $50k in cash. I have a day time job that pays around $80k/yr. My long term plan is to keep investing so I can work less or even retire early. My question is this. Would you use heloc or home equity line to purchase another property? My options are to buy a $80k, 2 BR condo. Or $250k fourplex with about $80k downpayment. Or maybe even put $80k dp on a $200-250k sfr. Which one would give me the best ROI? Would appreciate your comments/suggestions. :)