Have you guys used personal no collateral loans for real estate?

[Allen L.]

I recently received a letter from a company claiming that they can give me funds up to 250K, no credit check, not reported to credit bureau, and between 6.99 - 11.99% interest, up to 12 year amortization, and funds in 3 days. I won't name the company but googling them returns pretty legit reviews, if you want the name can DM me.

I'm thinking... what if I use this to fund BRRRR? Like if a property cost 120K and rehab is 30K, and I expect that it will take 4 months from closing to refi, I can just borrow like 160K, pay 120K for the house, use the remaining funds to fund rehab and to pay back the loan for 4 months, and then refi and pay it off. Seems like a no brainer, I don't really hear people talking about this though, what are your thoughts?