What ARV do use when buying rental property?

[George Rodriguez]

Hello. What ARV do u try to purchase? Its it too high of a goal for me to attempt to purchase homes at 50%ARV with hard money....I'm anticipating to renovate and get the appraisal up so that way i can refi to conventional financing to pay off money for repairs and hard money. I would like to refi with 30%equity.

What percentages do you follow when purchasing single family homes for rental...or multi families like quads and duplexes?

[Dave Spooner]

@George Rodriguez If I'm understanding your question correctly, you want to purchase a property, rehab it, and you want it's resultant appraised value to be so much so that you can take an 80% LTV mortgage and have extra cash. Is this correct?