VA 100% LTV Cash out Refinance

[Christian Locke]

Hello, 

Just wanted to reach out to the greater BP community to try and connect with any one who may be familiar with doing a VA 100% LTV Cash Out Refinance. I just stumbled across this while doing some research and wanted to learn about:

-If this is a real thing?

-How does it differ from a convention LTV?

-Is there a limit on the number of VA LTVs you can have?

-If you have a VA mortgage already does this cause a mess?

-How can you then refinance the VA LTV, if you are only allowed one VA LTV to free it back up? Will another bank refinance a LTV?

-Are there any differences or things to watch for when using this for BRRR model with Multifamily?

I am not sure how common this tool is leveraged since you would have to be a veteran and a skilled real estate investor to have had experience using this. If any one has any knowledge on the topic it would be great to hear from you. Either a vet/real estate investor or  lender. 

Thanks.