We couldn't resist listing it in the spring market before it was finished (tile was going in, etc), and when we didn't have offers, we weren't sure if the price was too high for the neighborhood or if people were just reluctant to offer on a house under construction.

(I have around 15k savings and My Uncle said that he can lend me up to 30k but i would have to show him a finished ready to sell product).

I think I finished it in about a month.Good Luck!

I am currently finishing up the final touches on my wife and I purchasing our first duplex in the Farmingdale area with renovations that involved a 203k rehab loan.

I am beyond pissed as I was supposed to be finished with school in December," he wrote.

The house is going for 66k, county appraises it at 76K but the ARV is about 83k once I spend about 5000 in upgrading the AC and finishing some minor touch ups.

The house is going for 66k, county appraises it at 76K but the ARV is about 83k once I spend about 5000 in upgrading the AC and finishing some minor touch ups.

The owner is in the process of doing some repairs in the bathroom and kitchen, but hasn't finished.  

I would do the plumbing, electrical, kitchen and bathroom finishes, flooring etc.

With my current financial position, the properties need to have at least 1.2 rent/value ratio or higher, be 75% of value, and $150k or less. if the numbers work out in the near future, i would like to start using hard money lenders for the down payment and closing costs on the properties, and purchase them traditionally. i would like for these properties to also have a 1.0 or higher rent/value, and with my current credit i can get approved for around $150k-$200k, so the property would need to be below that. once i fill up my 10 allowed traditional financing properties, then i would go hard money lenders for down payment / closing costs, and private financing for the long term. by that time though my own portfolio should be able to provide down payments in leu of hard money. your comments and positive feedback / critizism about my strategy going forward is appreciated. i am a brand new real estate investor, finishing up on my first hard money/refinance acquisition now, so im just getting started and looking to grow the portfolio quickly. thank you