REFI of the BRR Strategy

[Kyle Gendron]

Hey Guys,
So I've heard all about the BRRR strategy but not to sure on the Refi section... like what requirements a lender will have and what type of boxes I would have to check.

Lets say I Purchased a Property for 30k cash. Could I turn around and get a mortgage on that property for my 30k ( given it appraises correctly ) then use that cash to rehab? 

or lets say I buy it for 30k rehab 20k....refi out.... hopefully for more than the "50k" invested. Will a bank have to run my credit and check my income to debt ratios like a normal mortgage or is the collateral of the property enough. 

Also has anyone had the Lack of a W-2 Income prevented the Refi.