Using a HELOC to buy 1st Investment Property

[Ryan Barrett]

I'm looking to buy my first rental investment property, and have thinking about using a home equity loan or a HELOC. I have approx $52k in equity on my personal residence, but my question is; how high is the market value right now? Just because I can get, say 70% of that equity in a HELOC, I'm thinking doesn't mean I should, when/if the market comes back down. I'm in Wichita KS, so would anyone have insight on what percentage we are high here, and consequently how much lower I should view my usable equity. 10%? 20%? Thanks!