3d • General discussion
KNOW IT THURSDAY'S: ARV
What investors mean when they say… ARV 🤔
ARV stands for After Repair Value. Basically, what do you think the property will be worth after you fix it up?
Let's say you find a house for $180,000.
You think it'll take $40,000 to fix it.
After looking at similar renovated houses, you think it'll be worth $280,000 when you're done.
$280,000 is your ARV.
This number matters because you don't want to put $40,000 into a property just to find out it's only worth $210,000 when you're finished.
𝗟𝗲𝗮𝗿𝗻 𝘁𝗵𝗲 𝘃𝗮𝗹𝘂𝗲 𝗕𝗘𝗙𝗢𝗥𝗘 you spend the money.
Learn the language. Understand the numbers. Make better real estate decisions.
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KNOW IT THURSDAY'S: ARV
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