Updated almost 6 years ago on . Most recent reply
ARV ADVICE FOR PROPERTY BUILT IN 1868
This property I'm looking at was built in 1868 (unless its a typo)but obviously has had work done to it because you could never tell at first glance. Is this going to cripple my ARV because all the houses I'm trying to I use for comps are more 1930's-1960. It has no basement and I think that's a positive and I can probably have it under contract for 70k or less while the comps are 220-260 but this property has an extra bedroom and more Sqft. So if the fact that it is older doesn't kill my numbers I could just about replace anything I need to and still make a nice profit. If I was the buyer I would not care when it was originally built as long as everything is up to code and in like new condition. Any advice would be much appreciated.