Question on using equity in primary residence to invest
Hi! I'm new to real estate investing, and was going to use a cash-out refinance of my primary residence to fund a rental property purchase. However, doing this would mean that the rental property purchase would have no mortgage, and thus would be a bigger target for lawsuits. Yet, I have heard one shouldn't just sit on the equity in one's primary residence and should use it instead. I of course intend to get great insurance on the rental property, but even this might not be enough to protect from lawsuits. I would really appreciate hearing other people's thoughts on this.