Refinancing a new conventional mortgage

[Shaun R.]

I'm just wondering if there is a general rule of thumb for the amount of time that has to go by before you can cash out refinance a conventional mortgage. I just closed on a property about a month ago and after some improvements the house should appraise for more now than when we originally bought it. I talked to my partner about possibly cashing him out and moving into the property myself if we can get it refinanced at 80% LTV of what it should be worth now. I'm assuming that we will not be able to refinance after this short period of time?