Quote from @Angel Romero: You'll get plenty of advice on what to buy, where to buy, how to cash out equity, setting up an LLC, and other noise.

All great advice so far and would agree with the other comments.

Patrick,Happy Friday and thanks for the BP welcome and awesome advice! 

(I am not a lawyer so none of this is legal advice but have seen similar situations occur). 

If I uncomplicated the situation a little, do you have any advice on how we could make something like that work?

Thanks for all the advice, I'll definitely have to research more as I go about how to build out my portfolio and whether I want to pay down the existing loans or buy more.

I hope everyone is well, I came here because I need expert advice from you guys, let me tell you my situation: I have a investment property that i purchased 2 years ago and is valued at 65k that does not have any mortgage and that is already paid off, I want to use that property to buy another one for down payment , the question here is: What is the best way to do it. a heloc or a cashout refinance and why. your response will be appreciated :)

And the same goes for advice.

Do you really think it's wise to give him this advice?

Quote from @Nathan Frost: Hi all, curious on any advice or tips here.