Cash out Refinancing Strategies

[Daniel G.]

All, I have a question regarding cash out refinancing as a means to hopefully provide investors with a return on capital. My question is; is there a rule-of-thumb or ideal acquisition structure that would help you get to a 100% return on capital? I understand the NOI implications in getting a higher appraisal.

So, is there an ideal LTV to get when you acquire the property to help you get 100% return on capital? Meaning 70%LTV year 1 -> 75%LTV year 3 (refi). Or 75%LTV to 75%LTV. Generally speaking what measures do you take during the acquisition of the asset to help stack the odds in your favor?

I would greatly appreciate any and all feedback!