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Updated over 6 years ago on . Most recent reply
Wholesaling rentals .70 ARV
I'm looking at 2 possible wholesale deals both rentals, question is does the .70 of ARV apply the same for rentals?
Most Popular Reply
Steve Vaughan
#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
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Steve Vaughan#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
I pay more based on FMV, but I'm not interested in or qualified to do a ton of reno work. FMV and ARV need to be very similar. I'm ok with trash out, carpet, paint but that's about it.
I pay about 80-85% of FMV for cash or if I have to get a loan, and up to 92% with favorable seller financing.
But the rent to value must pencil. Here it's close to a 1%er. Know market rents to appeal to b&H ers.