Borrowing Against My House

[Matt Hulsman]

Hi everyone! I wanted to start a thread on borrowing against my house. I have a home in Portland, OR that has about (just guessing) 75-100K in equity. I'm looking at buying a 150-200K condo in Scottsdale, AZ with a good friend as we both are in AZ frequently. 

If I wanted to use a Home Equity Line of Credit, etc. would that go just for the down payment on the property or would I need to cover my entire half of the investment? I'm a self starter and looking to use my equity to get a few rental properties and need some strategic help to maximize and invest my equity. 

Thanks!