I own 2 homes and would like advice on investment options

[Mir Ali]

Hi everyone! I recently joined and have been reading and doing some research on this site.

FYI, I work in construction so I have home repair experience. 

We own 2 houses in New Jersey under my wife's name as my credit wasn't great until a few years ago.

1) 1st house: single family, purchased in 2009 @ 200k, 50k in renovation costs paid by me. House is in great up to date condition. We refinanced the house a while back for 15 years @ 2.875% fixed. Our payment is $2100/mo which includes tax ($9k/year). It is currently rented out for $2150/mo and we owe about $70k balance on the mortgage. We always paid more on the principal every month.

2) 2nd house: large single family, purchased in 2016 for @465k, 100k down payment. I spent also $50k in home renovation. 30yr fixed @ 4.5%. Payment is about $3200/mo which includes tax ($14k/year).

I would like to tap into the equity in the first house and use it to invest in a rental property (HELOC). However, a lot of banks don't offer HELOC on investment properties. What other options that someone recommend? Our credit score is A+.

Thanks

Ali