How to get your initial investment out of a rental property?

[Brandon Nappi]

So, I have a majority of my money tied up in my investment property (single family home).

The remaining loan is approx $70k, reno was $40k, and value is now around $150k.

I would like to pull out some of the equity for another down payment / reno costs on a new investment property.

Any suggestions? HELOC? home equity loan? something else I don't know about?

p.s.  I cannot do a cash-out refi because I have only owned the property for two months  (at least that is what one Lender has told me)

Any war stories or proven methods would be greatly appreciated!!!  Thanks!!