Pulling equity out of one property to buy another

[Eben Cook]

BP, I'm new here and fairly new to rental business( first year). We own a property free and clear. It's worth about $75k. Should we pull out the equity up to about $52-55k to put down on another property if the numbers work out. And we are new to running numbers. We also built a 3/2 next door where we carry a mortgage. Thanks for tips. Still plowing through all this information looking for advice.