What percentage deals has everyone been buying at?

[Andrew Weiler]

Las Vegas market is purely separate from the rest of the markets in this country, things are different in many ways here. 

That leads me to wonder, what is everyone's percentage of ARV that your buying at in this market?

Any & all feedback would be awesome! 

[Eric M.]

In all my years, I have never understood he percentage of ARV target. I have purchased light rehabs at 85% ARV and made good money and I have purchased heavy rehabs at 30% of ARV and made money. I have seen lots of 70% of ARV or even 50% of ARV money losers because the rehab was too heavy. I looked at 1 house that was literally 15% of ARV and I said no because the whole thing had to be rebuilt.

% of ARV simply doesn't tell the story. Depends on the rehab cost.