Second mortgage to buy investment
Looking for some advice, I recently decided to get a condo in Orlando for investment and vacation , so and Airbnb type. I have 25k saved so not a lot, I applied for a heloc but due to credit limitations I qualified for a second mortgage, still in the process to get around $60k . I’m a bit hesitant, any ideas I’m favor or against it?
Appreciate any insights from someone with experience doing so.