Can you still make the Brrrr method work with 20% down?

[Chase Burkett]

Just bought our first home here in Huntsville Alabama, it was a foreclosure for 190k and I believe it will appraise for 290k once completely renovated. We are about 90% done but the lender said we will have to wait 3 more months to refinance. Once we refinance I’m planning on rolling money we made from the rehab into the next property. But I’m very new this whole process. My question is can I make the Brrrr method work by rolling money from the first house into the second house putting 20% down and having cash from the refinance to rehab the second?