BRRRR Refinance to get your deposit back. Free money?

[Jesse Jaramillo]

Hey guys, I hear about the brrrr method and refinancing to get your money back. But I am not sure how that process works. Say you buy a property for 100k, 10%down. So 90k financed. After upgrades and rehab it’s appraised at 200k. You refinance.. does that mean they wright a whole new loan for the other 110k value added? Do they cut you a check? Thanks.