So here’s an example Brrrr just to see if I understand how the numbers work.
House valued: $100k
DP: $20k
Loan: $80k
Rehab: $20k
ARV: $160
Refi: $160k * 75% = $120k
Cash out: $120k - $80k = $40k for next deal
...

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Well, I hear that flip itself doesn’t create profit and time and effort spent make the property sell at faire market value.

Meanwhile flip is not (or should not be) dependent on house value appreciation.

So when you...