How to finance? When to use a HELOC?

[Todd F.]

Thanks in advance, I just found this site and have been reading a lot of posts. Now I have a question of my own.

Im looking to buy my 3rd investment property (Buy/Hold).

I have my primary residence in San Diego that I have about $250k of equity.

I also own house in Austin that I have owned for about 8 months and one in Las Vegas that Ive had for 2+ years both are currently rented, using a property manager. Both are financed and the loan to value on both is about 60/40.

For the 3rd property Id like to go back to Austin.

My question is this:

Is it a good idea to open a HELOC for the $$ for the down payment?

If I dont use a HELOC , Id use some from my savings account and then Id need to also sell some stocks, to get the necessary amount of cash for the down payment and leave me with enough in savings to feel comfortable. I did this on the previous 2 homes that I purchased in the past couple of years. But now Im thinking I should be using equity from my primary resdence?