The show basically went as follows:If you have 300k cash to spare go buy a foreclosure/auction house that needs workHigher a contractor to fix it up for 40kSell it for 400k 30 days laterI'm super skeptical about this process.

Right now I spend almost all of my spare time learning about investing and becoming financially free.

As interest rates hovered in the double digits of the early '80's, I put every spare $ & free time I had into buying & rehabbing property. 

If you're want to do real estate on the side, assuming you can spare the time, there's no reason not to start now.

Im looking to purchase a SFR and rent out spare bedrooms (too much competition for MFR house hack in my area unfortunately).

We should talk sometime (though I never seem to find any spare time these days).

Sparing the details, that hasn’t really worked out.

It would be nice to spare the cost of installing all of these as hard-wired and interconnected.

For this type of wall typically the only footing required is 6" of #57 stone compacted and leveled.

Or if it's better to BRRRR or FlipHe would either help with rehab or simply lend money at interest.SFR 3 bed/1baPurchase detailsPurchase: 47k cashClosing costs: 2kRehab: 15kI fund 22k cash, he funds 42k HML 12% interest only.Rehab time is 2-3 months in our spare time and around $1000 in holding costs (taxes, electricity, water, etc.)Rent post rehabRent income: 1000 a monthFixed expenses: 612.50. 8% Vacancy, 8% capex, 7% repairs, W/S/G, 137.50 Taxes, and 10% property managementGross income: $387.50 a monthOption #1 Cash out refinanceThis is where I am confusing myself.ARV: 95kNew mortgage of 75% LTV with $2k closing costs rolled in: 75,250Does this mean if I cash-out refinance I would get 23.75k cash, and have a new loan of 75k?