How often can you get 70-80% cash out refinance (ARV)?

[Benjamin Qiu]

Greetings BP,

After purchasing a BRRRR property with 20% down, do you have to use the same bank for a cash out refinance?

What if the bank doesn't allow a cash out refinance up to a percentage that the investor is satisfied with?

In podcasts I keep hearing 70-75% (of arv) is the highest some banks will go, I also hear 80%, is this something that investor has to make sure before working with the bank when purchasing the property? Or can worry about that after renovation is done and can shop for rates then?

Thank you!