buying property with no money in the deal.

Buying a rental and being able to cash out all of my initial deposit.
The "no money down" strategy, on the other hand, is a well-known approach in real estate investing that involves acquiring a property at 50% ARV or (after repair value) and cash out refinancing to 70% of the new appraised value taking out most of my initial investment.

[theminishzest]

How did you purchase it in the first place? You literally said they appraised the property AFTER you had renovated it, where did the original 220k come from??