In VA can you take out a home equity loan to buy investment prop

[Wilhelm J. Lieto]

I have recently been told by someone I know really well, that you cannot use a home equity loan to purchase real estate or use it as a down payment either. However I heard you can form other sources, so maybe this varies from state to state, or I've been told wrong.

Has anyone done this, primarily in VA and if so what are the pros and cons of doing so.