Potential Cash Out Refinance

[James Toland]

Hello everyone, 

    I bought my first rental last year in Mesa AZ for 189,000 and since then its value has risen between 239k at the low end and 258k at the high end (still need to get an actual appraiser out there). I would like to pull out some of that equity to put down towards another rental and was wondering if any of you guys/gals had any advice on getting this accomplished. Thanks for the help1