Cash out refiance

[Craig Wurdeman]

I am new investor.  I just purchased an investment property in Texas with cash using a line of credit.  The only lenders I have found so far will do a loan for 70%, based on purchase value and documented reciepts from the rehab.  I want to do a cashout refiance based on the appraisal value without waiting for the six months seasoning period.  Is this possible?

Thanks