Newbie here Brrrr strategy

[Michael Butcher]

Hello,

I am new to investing and was wondering if this strategy would work. If I was to take out a 15,000 loan and take it to a private money lender ( I personally know one) which in return he would lend me 200,000 for a purchase of a home. Could I purchase a fixer upper and rehab it, get renters in, refinance, repeat? 

Thank you!