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Updated about 8 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Flipper/Rehabber
  • from Washington, DC
  • Member since Sep 11, 2016
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Flipper/Rehabber
  • from Washington, DC
  • Member since Sep 11, 2016
Connect
Account Closed
  • Flipper/Rehabber
  • Washington, DC
8
Votes |
61
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Rehabbing & House Flipping

what to do if repair costs exceed ARV?

Account Closed
  • Flipper/Rehabber
  • Washington, DC
Posted

Hey guys i am currently bidding on a deal i want to wholesale. I got my contractor out to the property to give me a repair estimate and the amount of money to repair the property is $140,835 and the ARV is bewtween 125k-128k which means repair costs would be more than the ARV of the home. Is this a red flag??

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J Scott's profile image
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J Scott
  • #1 Off Topic Contributor
  • Investor
  • from Sarasota, FL
  • Member since Jan 31, 2008
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J Scott's profile image
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J Scott
  • #1 Off Topic Contributor
  • Investor
  • from Sarasota, FL
  • Member since Jan 31, 2008
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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

It could be a good deal, depending on how much money you're trying to lose...

  • J Scott
  • Podcast Guest on Show #2024
    • 6 Votes
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