BRRRR Refi CASH OUT VS SIMPLE REFI

[Michael Clark]

Does the refi step in the BRRRR process have to 100% be a cash out refi for it to be a clean BRRRR? Or could I get away with doing a simple refi and have the new lender pay off a HML.

I ask because after calling 30+ credit unions and banks in NC the best I found was 65% cash out LTV.

[Ben Lapane]

@Michael Clark

80% cash out or bust