HELOC for Down Payment

[William Smithson]

Hello!

I am a new real estate investor. I have a fair amount of equity in my current house due to house hacking (~100k). I want to use it to purchase a rental property in the area. I know there are options with HELOC or with a home equity loan. The investment property is priced at $200k. I would use the HELOC for the down payment on the new property. I would still have my existing mortgage, the new mortgage (since it was not all covered by the HELOC), and the line of credit pay back? I apologize if I am using rookie verbiage. I just want to know the best course of action to mobilize my capital. Thank you!