How do I get the equity out?

[Pam Pitts]

Hi Everyone-

I took a HELOC on my personal home to fund my first flip. All went fine for the first one- after expenses I basically broke even but I am OK with that- ONLY because its my first flip. I was able to completely pay back the HELOC, and start on my second flip. Purchased the second place outright for $28k, appraised at that time at $34k ($140k ARV) I really want to get 2 houses going at once... but my cashflow is tied up in this house.

I know about hard money but is there a way to tap into the $34k of equity I have in the home underway right now? I know you can only take a HELOC on a primary residence, and only take a construction loan BEFORE construction starts. I believe cash-out refi has a holding period regulation.

I realize there are hard money lenders, and P2P funding. Am I missing something?