Borrowing against property

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I have a question I would appreciate an opinion on. My wife and I want to buy a second investment property. For the down payment, we have an open HELOC on our home. My question is should we use this or open an equity line against our first investment property and use that? We have about $100K in equity on that property. Thanks.

If you already have an open HELOC, this might be the easiest, least expensive, and best option. It can be more difficult to find a bank willing to lend against your first investment property and the interest rate might be higher.