Brrr refinancing question

[David Mohrmann]

Hey y’all, I’ve been studying the brrr strategy for a couple of months now but still have some questions, most importantly: what criteria do banks look at when you request a cash out refinance? I know it was mentioned a couple of times by Brandon on the podcast that he didn’t have a w-2 job when he refinanced, so I was wondering what the banks based their criteria on and how he was able to get the dead equity out of the property. Maybe if someone could run a rudimentary expample, I would better understand the nuances. Thanks!