Brrrr method downpayment question

[Priscilla C.]

Can anyone explain how the downpayment works using the brrrr strategy.Like if I buy a house in cash and rehab and refinance it I would need to put a down payment on the house when I refinance or no?Would I just need to be prepared for closing costs correct?Then after I pull out cash I can use this money to buy another property correct?

[Chris Seveney]

let's say you buy a home for $50k cash and put $100k into it. So your out of pocket $150k. You would want it to appraise for $200k (assuming they require 20% down + closing costs)

so you would then have a $200k loan but have received your $150k back to do it all again. 
you could also do this with a bridge fix and flip loan as well. Doesn't need to have the $150k but a portion of it.