Can I house hack my 2nd Property immediately after a Refinance?

[Sam Stabler]

I've been living in my current SFR for a year and a half now. I renovated the property while also adding additional square footage from my own cash proceeds. I would like to replenish my cash I put in by doing a refinance cash-out and taking out some equity and using some of the cash-out proceeds for my next home purchase.

However, I read somewhere that if I refinanced, I may have to wait 6-12 months from the initial date of the refinance as there may be a Owner Occupancy clause with the new lender. This would conflict with my plans since my goal is to purchase another home before 6-12 months.

Any advice would greatly be appreciated.