We do not want the basement finished but it will be low costs for walls, windows and flooring, then we could be interest. 

If you used the $800/mo you are saving from not paying rent, and did the work yourself (and maybe some with the help of family and friends) you could finish that project in 3-6 months.

It had a loft that was open and I knew I wanted to house hack so I closed off the loft by turning it into a bedroom and finished the bathroom.

But it all depends on the deal, how fast you can finish renovations, find a buyer, & close.If you’re just looking for long term wealth, then you could do a BRRRR, buy another property and continue on that path.With $40K you could even invest passively in multifamily syndications, and over a 3-5 year period get over 100% of your money back on average.Now every deal is very specific to market conditions & the operator of the deal, but nonetheless, syndication is an easy way to build wealth.With everything going on right now in the economy, I would be weary of jumping right into real estate without first having a SOLID foundation of knowledge in how to accomplish these investments.Things are changing rapidly in the real estate world, and if you aren’t prepared, then you’ll be washed out and broke in no time.You’re welcome to check out our website which explains everything you need to know about multifamily syndications and the market.All in all, if I were you, I would do some more research on whatever method you choose and then become the expert in that niche and your local market before jumping into anything and spending $40K.

I have finally finished my residency and will be starting my first job in Buffalo, NY this upcoming August.

What are we going to do once we finishing snowballing almost all of our debts?"

I have a unit I finished in East Ridge about a week ago. 

I finished that first rehab at the end of October 2017, and had it rented out November 1, 2017.

Hi all, Just closed my first deal in Florida and have finished the rehab phase.

This payback each year would drop my equity 1% each year until I hit 20%, at which point the preferred payback would end and the rest of the money would stay in.At this point, we needed to take out loan of ~$670k to finish renovations.