75% LTV? What about owner occupied?

[Darren Bloomfield]

Just finished BRRRR by @David Greene !!! Fantastic book and really changed the way I will think about scaling my portfolio.

75% LTV refinance was mentioned a lot and I am wondering if this is because a 25% downpayment would have to be left as equity in the property for an investor loan. What if I wanted to rehab the property and then move in as a owner occupier? Could I leave 5% for a conventional loan and then pull out 95% on the Refi because its my primary residence?

[Mike Singer]

Most cashout loans are capped at 80%, even as owner occupied. They allow you to go higher when doing a rate/term or a purchase but not a cashout transaction.