Can I attain a 203k loan for investment purposes

[Mark Lynch]

If I we’re to attain a 203k loan for my personal residence. Buy something distressed, use the loan money to purchase and rehab.

Could I refinance on that loan after 6 months to a year and pulls out the equity after getting it re appraised. So, I can then use that money to re invest in another property?

I know many investors use that strategy. I just didn’t know if there’s rules when using a 203k that prohibits doing this.

Thanks in advance!