VA Loan Refinance/Exit Strategy

[Conor Shea]

First-time real estate investor looking to buy a multifamily property with the VA Loan and then use private money from family members to cover renovations. I'm essentially using the BRRRR method with the VA Loan. Does anyone have any advice on the refinance part of this process? Especially in regards to paying back investors for the cost of the rehab. My initial thought was to do a cashout refinance but realize this can get complicated with the VA Loan because of a lack of equity in the property. Looking for any and all advice, thanks!