Having trouble pulling equity from an investment property

[Christopher G.]

Hey everyone. I am trying to take a loan, HELOC or Home Equity, on the equity that I currently have in an investment property, own 4 total. Two banks have turned me down. PENFED said that they won't give HELOCs/Equity loans on investment properties when you own more than 3 and Chase said they only give up to 50% loans on investment properties if they get an exception to loan on an investment.

I thought this was part of the BRRRR method? Question I have is how do I pull the equity, about 100K, from an investment property and use that to purchase another property? Thanks everyone

Chris