Cash-Out Refinancing at 80LTV with BRRRR

[Merritt Whitman]

Hi all, Anyone have contacts of lenders who will do cash-out refis on long term rentals at 80LTV? I'm closing on 2 properties in Indianapolis next week and am planning my refi strategy. So far the best that I've come up with is 75LTV on a delayed cash-out refi deal (originally a cash purchase) not to surpass the purchase price. The second property I'm using a hard money loan to close on and the best I've come up with is an immediate cash-out refi of 75% of purchase price only. Both these loans would have low to no closing costs and just be at a higher rate. If I have to then wait 6 months and repeat with conventional 75LTV cash outs at actual appraised value I will but wanted to know if anyone has a better strategy. Ultimately I'd like to cash-out refi both properties at 80LTV (of actual appraisal) so as to not leave any "money on the table", avoiding potential lost opportunity cost with other deals. Any advice or suggestions would be greatly appreciated. Thanks!