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Updated over 4 years ago,
What ARV do use when buying rental property?
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?