Updated almost 8 years ago on . Most recent reply
Online Auction Market
So, I've recently sold my first rental property (a SFR on the fringe of the Kansas City metro that came-to-be as my family's first residence) and I am now looking to take my first step into BRRRR. What's the right ratio for risk on repairs? Meaning - I've been browsing Auction.com and Hubzu.com for potential inventory and am running dark on estimating rehab costs.
Considering BRRRR: Purchase Price = (ARV * 70%) - Rehab Costs; What's a target ARV-to-repair ratio when considering bids? Is there any relation between the two?