brrrr conventional loan and private loan question

[Vincent Herrera]

Hi there, I am wanting to do a brrrr deal and i am seeing some people on here saying that you cannot use a conventional loan and a private loan at the same time. I thought that is how the brrrr strategy worked? My understanding is you initially purchase the property with private money along with potential repairs, rehab it, rent it out, and then take out a conventional loan to pay back the private money and get monies to do the process again. Is this correct? Thanks in advance!