Investment Property Cashout Refi - Fannie Mae/Conventional Loan

[Ryan Lee]

Hi,

I'm thinking of doing Investment Property conventional Refi.

I had my current loan for about a month, and previous loan for about 2 months. I did refi on these.

Is the requirement now to hold the current loan for 12 months(or time since buying property?) to do the cash out refi, for conventional loans like Fannie?

Also, we can take out up to 75% of equity? So, if we have 50% equity, we can take out 25%?