Cash Out Refinance After Rehab

[Andres Piedra]

Just bought a house today for $75,000 cash. Putting in about $30,000. ARV is around $140k. I plan to rent this......trying my first BRRR (Buy, Rehab, Rent, Refi). Does anyone have very recent experience doing this? What are the banks able to do? How soon can I pull out the full $105,000 cash I initially put in ($75k purchase price + $30k renovation).

Any insight on this is greatly appreciated. I would really dig the 75% to 85% of appraised value option cash out refinance option, if that is still a thing.