Can you BRRR a foreclosure buy?

[Shawn Collier]

Does anyone have experience in purchasing foreclosures or pre-foreclosures for below market value and then refinancing based on full value and taking some or all of the difference at closing as profit to invest in additional properties? If yes, what type initial financing (bank or private money) did you use and how did you go about the refi? How quickly were you able to refi?