How often can I do a cash out refinance?

[Kenzie McIlvoy]

My husband and I own a SF rental that we did a cash out refi back in November to fund most of our current project (live in BRRR short term rental). It's been about 5 months and because of the market and appreciation, we now have about $15k of equity we'd be able to pull out (accounting for 75% loan to value).

My question is, is there a limit to how often you can do a cash out refi? Obviously, you’re paying each time but if I pay $3k to pull $15k I’m more than certain I can make that money back with the investment it would buy. If it’s possible to keep doing this over and over again we’re looking at refinancing sometime at the end of the year. We know this is just because of what’s happening with inflation but we want to be able to take advantage however we can!

Thanks!