Advice on using heloc/home equity loan on rental property

[Lily You]

Hi all! 

I just recently learned what heloc and home equity loan are, and realize we have built up some equity on our primary home.

Is there any advice you could share on how we can safely use the equity on rental investment? What should we look out for and be careful about? Is it a good idea to take out the loan and pay the down payment on a rental property? I’m not looking to fix houses so I’m thinking about taking home equity loan.

Thank you!