Line of Credit Question

[Ron West]

Hey everyone. I just purchased my first property and it appraised for 14k more than what I bought it for and I also have 10-15k in my primary residence. I am excited and motivated to get a few more before the year ends. I would like to pull some of that out for my next down payment but the local bank that my loan is through told me I need to wait 4-6 months. So my questions are:

1) What options do I have besides wait? Can I go to another local bank and open a line of credit with them? Would hard money be a option? More to follow if yes.

2) I also have about 10-15k in my primary residence. Could I combine the two to open up more available cash?

3) Should I just wait the 4-6 months to become more knowledgeable as an investor and property manager?