Flipper/Rehabber · Montgomery, NY · Member since 2016 · 2k+ posts · 1k+ votes
7y
This question doesn't make sense. The minimum ARV for a wholesale deal to make sense... $3,436.58... maybe? Kidding aside the question needs to be explained in a lot more detail.
Flipper/Rehabber · Montgomery, NY · Member since 2016 · 2k+ posts · 1k+ votes
7y
This question doesn't make sense. The minimum ARV for a wholesale deal to make sense... $3,436.58... maybe? Kidding aside the question needs to be explained in a lot more detail.
Oak Park, MI · Member since 2018 · 11 posts · 1 vote
7y
Ok for example, the ARV on a house is $25000, not yet knowing repair estimates would it be worth the time . If not, what min ARV would be worth the time?
Rental Property Investor · St. Petersburg, FL · Member since 2017 · 3k+ posts · 4k+ votes
7y
@Alfred C Dunlap if you don't know the repair estimate, theres no way of knowing what minimum ARV could be a deal. If the ARV is $25k, and it needs $5k in rehab, and you can buy it for $8k, it's still a good deal. So, min ARV would probably be $5000. At that value, theres no room for you to buy it and make any money.
Flipper/Rehabber · Montgomery, NY · Member since 2016 · 2k+ posts · 1k+ votes
7y
If you can get someone to sell a $25,000 ARV house for $5,000 and it needs little to no rehab then it's a deal. realistically you need to know a houses rehab, taxes, what costs are associated with buying/selling etc and then determine it. That $25k ARV house could be a deal where a $100k ARV house could be no deal due to back taxes, large rehab needed, etc.