You can certainly do a cash-out refinance on your investment property. The max percentage can vary based on the number of units the IP consists of. Hopefully at the same time you would be able to lower your interest rate and/or the term of your loan to help you save money over the life of your loan. There are many different options, I would be happy to look at your current scenario and provide you different options to reach your goal of financing the new property. You can reach me at 508-509-0050 to discuss or email me through my contact information.