20% Down and obtaining " Back " that 20% as useable Equity ......

[Michael Dunn]

Good  Afternoon,

I figure that I already know the answer to my question , but still want to get  more knowledgeable and expirenced members on here's confirmation .....

So, if we Purchase a property for $100,000 and we put 20% down ( so $20,000 ) , we then will theoretically have an " Instant "  amount of Equity in that property of $20,000 correct ?

But , in order for us to " Re-Coup " that $20,000 , in the form of getting It all ( or most of it back ) in the form of a Cash-Out refi. and or HELOC .... we would need an LTV of 95% to 100% when we go to do the refi. , which basically are hard to come by and or don't exist, Unless you purchased your property as...... 1. used a VA loan 2. It was purchased as your Primary Residence and NOT as an Investor ?

I hoe my question makes sense :)

Thank you for the help and clarity to my question