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Updated over 5 years ago,
First BRRRR Deal—ARV
I am working on my first BRRRR deal and trying to figure the numbers. How much of my rehab cost will reflect in ARV? Current appraisal is $145,000. Asking price is $100,000. Assuming that's what we pay, will $50,000 in work likely equal $50,000 in value increase? It is an old house with pink tubs etc.