Refinance or Equity Line of Credit

[Amir B.]

Hello BP Community,

We found a house near our primary home for sale. It's a SFH 3/1.5, 1100 sqft. It was previously rented for $1200 but with some minor upgrades it can be rented for $1500. How can I get $50,000 for the down payment? My primary is worth $275,000. I have never refinanced or got a line of credit on the home.

Please advise.

Thanks,

Amir