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Updated about 8 years ago,
what to do if repair costs exceed ARV?
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??