Sentences with phrase «after repair value»

Jim did his homework and knew that the After Repair Value of this property would be around $ 110,000.

If a home sold in terrible condition, it's likely not similar enough because you are looking for the «after repair value» — in other words, the home in good condition.

To come up with the MAO we need to start with the ARV, or After Repair Value.

I think I may know of a 12 - month, 85 % of the purchase price + up to 100 % of the renovation costs, not to exceed 75 % of the after repair value.

I'm looking at a short sale that's $ 335,000 and it's after repair value would be pushing $ 400,000.

Unrealistic repair budgets and / or unrealistic After Repair Value are the two numbers that usually are off time and time again.

Once you have the average price per square foot, you can multiply it by the property's sq. ft. and come up with a good ARV (after repair value).

The purpose of the Partnership Program is to have students locate suitable wholesale deals at 60 % to 70 % of After Repair Value (ARV).

In most areas, if you use ARV (After Repair Value) x 60 - 70 % - repairs... you will be OK.

Same for ARV (After Repair Value).

When you're analyzing comps, you want to find the most relevant data to accurately come up with your ARV (after repair value).

Lex Levinrad uses a comparable sales system based on sitexdata to evaluate After Repair Value and Lex Levinrad has the final say and decision as to the After Repair Value of a property.

This Townhome Needs A Lot Of Love, But With This Price And An After Repair Value Around $ 180,000 * There's Room To Make It Your Own!

Lex Levinrad and the Distressed Real Estate institute do not agree to partner with any students on any deals that are not wholesale deals (meaning discounted deals at 60 % to 70 % of After Repair Value).

Lex Levinrad and the Distressed Real Estate Institute will not partner with anyone including Partnership Program Students, Private Mentoring Program Students, Real Estate Coaching Students Group Mentoring Students and Distressed Real Estate Boot Camp students if their «deal» is not a wholesale deal and is not a discounted deal at 60 % to 70 % of After Repair Value (ARV).

If a house is on zillow with a zestimate of 193,000 but the house is old and needs a lot of work almost a full rehab for example and has over 6.92 acres how do I figure out the price per acre and the after repair value?

All figures, including Estimated After Repair Value (ARV) and Estimated Cost of Repairs, are estimates.

If you have a house that will sell fixed up (ARV) after repair value, for $ 100,000, and it needs only $ 10,000 in remodeling, and you have a contract on it for $ 55,000, then with a developed investor network you could have an investor buy it for $ 60,000 in a few days.

In most cases, lenders will use the property as collateral for the loan, and underwrite the project by comparing the size of the loan to the value of the property after repair (i.e, «After Repair Value» or «ARV»).

Excessive spending on basements, landscaping and especially pools will eat up your budget without proportionately increasing your After Repair Value (ARV).

It's also known as ARV (Average Retail Value or After Repair Value).

Here is a description of my immediate need: Area: Aurora, Illinois Sales price: $ 125,000 After repair value: $ 160 - 175,000 (CMA's from local agents) Repairs 90 - 95 % completed by seller Close: Tuesday, August 15 (one week from today)

Wholesale Price: $ 77,000 After Repair value: $ 140,000 Hard to find a deal for less than $ 80,000 these days.

Many times we have to purchase a house below the «After Repair Value» so we can resell it at a profit to another home owner.

In a falling market be extra wary when establishing your after repair value (ARV).

Disclaimer: Any suggested repairs, Repair estimates, suggested rents, cash flows, Market Value or after repair value are our opinions only.

With me being an investor, she brings incredible value to me to determine After repair value of my houses so I can determine if the house is a good Invesment.

She passed on the house because she said she will pay no more than 50 % of the after repair value.

The «After Repair Value» is the value of the property after all necessary updates and repairs have been made.

We mitigate these risks by keeping our costs below 70 % of the After Repair Value (ARV).

Know what the ARV (after repair value) of a flipped property would be and know the MAO (maximum allowable offer) should be to make the desired profit.

Recent Purchase Case Study Property Address: 1962 Leon Road, Jacksonville FL 32246 Purchase Price: $ 67,000 Renovation Cost: $ 38,500 Estimated After Repair Value (Sale Price): $ 135,000 The above case study are real numbers from a home that we closed on 2 days ago in Arlington.

The 70 % rule is popular among house flippers and basically says that the max offer price on a property is 70 % of the After Repair Value minus the repair costs.

Star Dynamic showed me how to buy my US property for a price of USD$ 25,000 conduct the relative due diligence including area research, comparison sales and ARV (After repair Value).

If comps are consistently selling in the 150k range, historical market behavior does not support your 220K after repair value in six months based off of assumptions or «unique» circumstances.

Please estimate the monthly rent based on market rates for the property in its After Repair Value.

My question is, if the area has had many homes bought by investors, so the price per square foot has been low, how can we determine a very close After Repair Value for the potential investment home if all others are low in per square foot price?

First, they will base their calculations on current loan to value (LTV) And, they will base their calculations on current loan to value (LTV) without appreciation, or after repair value (ARV).

Find out as much as you can about repair costs, how long it takes to do the improvements, and when it sells track how well you did when estimated the after repair value (ARV).

You must know the best purchase price and After Repair Value (ARV) first.

However, some lenders will loan an amount based on the after repair value, or ARV.

A good wholesaler will not only provide leads, but should be able to give you the after repair value (ARV) and the estimated cost of rehab.

The 2 biggest things you MUST get right in this business is knowing the cost of repairs & the ARV (after repair value) of the potential property.

I think the key is to find a good deal and being able to accurately estimate the cost (maybe have an experienced general contractor to walk through the house with you before you make an offer) and the after repair value of the house.

That is also known as ARV (after repair value).

I'm going to let you borrow somewhere between 70 - 80 % usually, of whatever that After Repair Value is, which should be what the appraiser comes back and says it's worth.

Think of the after repair value as the cost of a property after it has been fully remodeled and is on the market with a real estate agent.

So for example, IF I found a fourplex in Riverside, CA and I knew that the After Repair Value (ARV) was $ 500K and market rent was $ 4800 ($ 1200 / unit), I could estimate additional key numbers, e.g. repairs (assume $ 60K) and closing costs (assume $ 8K).

Can I structure an offer with contingencies based on the after repair value and repair costs?

So you can see for example for an after repair value of $ 300k with $ 30k of repairs, 25 % down payment and $ 10k financing costs, you would need to buy at $ 208k to pull all of your invested money out of the property.