BRRRR method and conventional loans

[Lance Neighbors]

Hey guys, I need your help clarifying something. Every time I listen or read something that relates to BRRRR, I see where it essentially says that it can't be accomplished if the original financing is a conventional loan. With that being said, my situation is a little different. Whereas I do have a 20 year loan with a credit union, I didn't have to put anything down and was able to get enough for the rehab as well. I spoke with the lender and was advised that I could refinance the property in a year. With all the details I've given, does it seem as if I can execute BRRRR effectively by doing it this way?