Cash-Out Refinance (NYC)

[Esteban Reyes]

Coming up on a year in March of being an owner to a multi-family home. After the year is up, I plan to make it strictly a rental property. Soon after that the plan is to purchase a second property. Is the year mark too soon to pull out some cash, given that house has gained the 20% equity needed.. Year and a half? Should I still shop around just to get the ball rolling and see where numbers are currently? 

Any advice/guidance/opinions welcome.