Cash out refinance question??

[ARMON PHILLIPS]

Is it possible to get 80% LTV of the APR, when doing a owner occupied Cash out refi? If yes does anyone know of a lender in the Saint Louis, MO area that does it??

[ARMON PHILLIPS]

Ok. Thanks for your response. What i plan on doing is buying a distressed property in a excellent neighborhood with cash. Finance the rehab. Then go get a cash out refi (hopefully 80% LTV of ARV) on the new and improved home and live in it. This will be my first investment. Is there any roadblocks that i may not be aware of? Any suggestions on the strategy?

@Michael Herr @James Wise @Joe Impagliazzo