How does refinancing out of the BRRRR strategy really work???

[Melissa Harris]

I am curious how the refinancing part works in the BRRRR strategy? What will the bank require for you to refinance the home you just fixed up and that you are looking to keep and rent out? Will they require you to have a certain credit score? Will they look at how long you have owned your LLC? Will they need a certain amount of money in the bank? What is the cost to refi? Will I be able to get the equity that I made after I pay off my private or hard money lender?