In my area it would look more like:$75-90k purchase price (in cash, distressed C/D area)$35k rehab (cash or credit)$1500 holding while you get it rentedApprox $1200 a month rent$150,000 ARV 6-12 months seasoning Refi out 75-80% ($112-120k)

Hence the 6 months seasoning period.

You don't want to buy a $70k older duplex, that needs at least $30k in work, and comes with a $11,000 tax tag, only to have a limited tenant pool. 4.

So it seems the first few properties might be slower since I would use conventional bank mortgage loans and then wait a seasoning period (6-12 months ?)

We have grown our client base to include seasoned Investors and home buyers.

I'm wondering if anyone has experienced an increase in seller motivation with tax season approaching?

Originally posted by @Mike Makkar:@Don Griffith, I'll PM you.I called up 15 to 20 Texas based banks and compiled a list with their interest rates and termsMay be an older list but could you please forward me this information?

I know there are late night info ad that will tell me where to start, but would like a season vets or professionals advise.

For those seasoned investors what part of the country should I be looking at to make my first rental property ?

Ideally we would like the project finished before Swim season starts.