You might find a property that has value add without having the headaches that come along with 203k.

However, real estate values (on a national average) have never gone down over a 10-year period.

Hard money How did you add value to the deal?

How did you add value to the deal?

Trusting your numbers, it sounds like the current value of the property is around 155k if not less.

Real estate by definition is speculative for the most part but value usually increases over time all things being equal (Absent cataclysmic events). 

You can't tell by the pictures of a listing but you can tell by the price.Neighborhoods valued above median price typically have low crime, schools are better, you have decent shopping and restaurants, prices are considered still affordable and you have demand from a large demographic segment.You may call this the west-coast approach, because it yields equity more than cash flow.

But now that the house is done you get a renter in there and get a lease in place and now you can get a 75% cash out refi based on new value. 

@Jason CroweHi Jason,If you have a high enough cash value in a permanent life insurance policy (either a policy on yourself or one you own on someone you have an insurable interest in like a child or spouse) then you absolutely can leverage it to finance a real estate deal.

I’d find someone killing it and get them to show me the ropes by giving them value. 5 ways you can bring value to someone you want to learn from:Raise them money Bring them dealsManage their propertiesIntroduce them to connections Pay them for their timeThe question is what assets do you have that you bring to the table that’s valuable, to them?