cash-out refi. 20% down or not?

[Jose Roberto fonseca]

hi guys am a newbie, i got a question.

am planning on doing my first BRRRR this spring in the CLE ohio area. am a bit confuse when it comes to the refinance part.

so when i cash-out refi, lets say i get my 75% LTV out of the deal. Do i need to put down the 20% in order to get the loan? (like a convesional loan). lets say all in i put 75k cash

(buy and rehab). so thats means i wont have either the 75k or 75% full back to use on another deal because i left 20% down on the first deal. can u guys help me out here. thanks!