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Updated over 4 years ago on . Most recent reply

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49
Posts
9
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Bhanu Kuna
  • Investor
  • Hamilton, NJ
9
Votes |
49
Posts

How to ensure you get the right target ARV

Bhanu Kuna
  • Investor
  • Hamilton, NJ
Posted

Hi everyone!

Hope everyone is safe and healthy. I'm starting a rehab project in West Philly. I'm trying get an understanding of the best rehab projects to hit my target ARV. There are some pending/sold homes in the area(<.5mile) that are going for 170-190k.

Is the general principal to renovate and pick projects that make it look like those pending sales?

Thanks.

Most Popular Reply

User Stats

2,259
Posts
1,657
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
1,657
Votes |
2,259
Posts
Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied

Sold comps are the best with the same sf and bed/bath count as yours. I would aim to stay within .25 miles of Subject Property and would rather go back in time but stay local rather than going further out. 

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