Purchasing properties using BRRRR strategy

[David Pascual]

I need some clarification on using the BRRRR strategy. When you make the initial purchase of a property using this strategy, must it be done buying it cash? OR can the property be acquired using a conventional mortgage loan, do the rehab on the property and then refinance whenever that specific banks seasoning period is complete? I'm aware that banks don't usually give out loans on homes that need heavy rehabs but i mean if it's a home that just needs remodeling because of its old age let's say.