taking the next step after my first rental property
I've been following bigger pockets for quite sometime, but this is only my second post so please bare with me lol. I already have one rental property that was my primary residence since 2011 and I just rented out last year, and it's doing pretty good, I turned it over to a management company so I can comfortably keep my full-time job. When I bought it in 2011 it was purchased for $110,000 and it's worth something in the neighborhood of 160,000 today, and I still owe about 69,000 on the mortgage, so i have a good bit of equity. I managed to save up a little over $30,000 to go toward my next rental, my main question is what would be my best next step to facilitate that goal. I've looked into getting home-equity lines of credit and that seems pretty interesting, but not sure if it wouldn't be better to just use the 30k and get a mortgage and hang on to my equity for later usageI also looked into cash out refinancing. As you can probably tell I'm feeling kind of turned around so I can use any advice that anyone has to offer I will definitely be open to it, thank you.