Please teach me about arv

[Mary Jay]

hi guys, on a big time crunch between 40 hr job/driving my son between his sports activities/orthodontist/doctors and pre school errands... so I apologize if my question has been answered in the past already...I hope u will forgive me my lack of research on that subject...

So if I am buying a fourplex and it cost 250k, then it needs 20k work, then how does the arv value calculated?

Arv has to be at least 70 Petcent ... is it 70 percent off 250 k or 250 plus 20k ?