Where to pull out equity

[Esteban Diaz]

Looking for advice on where to pull out equity.

Currently I have about $100k Equity in my primary residence I have rented out to family. I refinanced 5 months ago but unfortunately I did not pull any money out. (This was before I got connected with bigger pockets and started Learning investing strategies) 

I also recently purchased a residential lot next to my residence that is paid off. I have not got it appraised but if I had to guess I’d say it’s worth at least $150k with the cost of land in Salt Lake City being so high.

I would like to put a rental Detached.ADU there but I am unsure of where to pull money from.

Since borrowing money is so cheap right now is it worth refinancing again and pulling out cash? Or would it be best to get the land appraised and get a land equity loan? Thanks in advance.