Cash-Out Refi, HELOC, Home Equity Loan

[Laura B.]

Hi all!

Can anyone tell me what are the current requirements/terms for a cash-out refi?

I plan to purchase and rehab a buy-and-hold a single-family or small plex in Philly for all cash ($60-$90k). Ideally I would like to cash-out refi and use the money to purchase another similar investment and repeat the process. I understand there are limitations on these types of loans. Do they exist and what are the average terms for something like this?

Many thanks!!
Laura