HELOC on investment duplex

[Aaron Bashore]

Hey everyone. I bought a duplex with cash in Memphis for $78k and spent $13k to fix it up. It rents for $1,400 total. I would like to pull out my cash and do a BRRR in Toledo.

I have been told by my lender that I need to wait 6 months to do a cash out refinance. That would require me to wait another 4 months to get into my next deal. 

Does anyone have some advice? Could I or should I do a HELOC on an investment property?