understanding delayed financing

[Alexander Fernandez]

So I have cash in hand ready to buy a house. My goal is to use the delayed financing strategy to get my money back out of the house that i will purchase and buy the next property. However my current lender is convinced that when you pull your money back out you can only get 75% of what the PURCHASE PRICE was and NOT the ARV. He says the house has to season a certain amount of time (months) before you can pull off of the Market value.... So in my mind that makes the delayed financing method pretty useless because you will be losing 25% every house you buy.. From what I gathered you can take out up to 75% of the arv after you have bought the house cash.. In other words if I bout a house for 50K and its worth 100K after I put 25K of repairs into it. Then I will essentially pull all my money back out of the property. The way my lender is explaining it is that I will only be able to pull out 75% of the 50k purchase price... Is this really how it works? Does anyone know of any reputable lenders that do a good job with Delayed financing?