Equity from Rehab

[Daniel Fierros]

Hello BP nation! I haven't posted in a while so I want to ask this out of curiosity. How much should you (as an investor) aim to raise the value of a home vs the amount spent on rehab? Ex. If an investor buys a distressed house for $70k and spends $30k on rehab, how much of a raise in value should that investor expect to be considered a good investment? Should he/she expect for the new value (ARV) to go up by double (+$60k making the ARV $130k)? Or 1.5 times the amount spent (+$45k making the ARV $115k)? Or maybe even higher than what's been mentioned. If I'm not clear about something, let me know. I just want to be more active on the forums and I thought this would be interesting to get some opinions on. Thank you