How to do cash out refinance without cash in hand?

[David Sun]

Guys,

I have quite a few properties and each of them has enough equity to do cash out refinancing as I paid some of them in all cash. However, my cash in-hand cannot cover the 6 month reserve, which is required even for cash out financing, as some loan agents told me.

Any idea how to do the cash-refinancing under my situation? My properties are in Washington state.