Use all of HELOC or just enough for down payment?

[Dawn Curry]

So let me get this straight... Hypothetically speaking you own Investment Property #1 that has $70k of equity in it. Obviously you are always looking for your next investment (#2). So with that being said, you can use that $70k from #1 as a down payment for #2? What are you BPers thoughts? Would you just use that equity for say the 20% down payment (for #2) to keep enough equity in #1 just in case when #3 comes into the picture you have enough equity to put your down payment on that to secure that as well?? I guess either way you put it.. There will always be enough equity for more properties, but I guess my question is: would you use all of your equity in your first investment? Or would you just subsequently use your equity in the next investment and keep using your equities from your last purchase? I hope this makes sense!