Getting started options
I am hoping to get our second rental property in the spring and am looking at options for financing in CT. I only have about 10,000 liquid but 100,000 in equity in my primary residence and 70,000 equity in our rental property. I am not sure if that equity is best used as a refi or heloc in buying our next rental or should I forgo both for traditional financing and hope to save the 25 percent or so first? What are everyones' thoughts here?