BRRRR with Traditional Mortgage Twice

[Geoffrey Morthland]

Hey guys,

I am just getting started and I would like to try the BRRRR approach with my first property. Since this is my first property, I'd rather not use hard money lenders and i don't have the cash to finance the whole project. I would prefer to buy the property pre-rehab with a conventional mortgage and then, once the rehab is complete, refinance again using a conventional financing.

Most of the BRRRR strategies I have seen involve cash of hard money lending for the rehab phase. My question is, will this approach still work using conventional financing during both the rehab and post-rehab phase?

Thanks in advance!