ARV typically comes back to bite the buyer when they go to refinance the property after renovations and learn that the actual appraisal fell short of the ARV they originally predicted.  

I have one going on in the Bronx if interested 

If anyone's been on the fence about buying, now might be the perfect time to explore your options and take advantage of these favorable conditions!

Just spend the next 6 months browsing these forums, listening to the podcasts, reading a few books.Then start connecting with local realtors, general contractors, and developers.Post any specific questions you have about the process here in the forums and you'll get answers within a few hours.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

@Lily TangYou came to the right place.

You’re in an incredibly strong position: no debt, significant capital, and a powerful why behind your goals (more time with your kids and financial freedom).Here are a few thoughts to help you gain direction--Where to Start:Since you have capital and the desire to become an investor, your main decision now is how to allocate it for long-term stability, passive income, and tax efficiency.

@Keith Jablonowski and @Joe Norman guys, it's not the PMC directly that's the problem!

That's why it is next to impossible to sell to anyone other than an investor.

The joker in the deck for you is what someone's willing to pay for your business in addition to the real estate.