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Updated almost 10 years ago on . Most recent reply

Derik Cenci's profile image
Derik Cenci's profile image
Derik Cenci
  • Real Estate Agent
  • from Oceanside, New York
  • Member since May 17, 2015
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Derik Cenci's profile image
Derik Cenci's profile image
Derik Cenci
  • Real Estate Agent
  • from Oceanside, New York
  • Member since May 17, 2015
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Derik Cenci
  • Real Estate Agent
  • Oceanside, NY
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Real Estate Deal Analysis & Advice

Does this rehab formula apply to todays New York market on Long Island?

Derik Cenci
  • Real Estate Agent
  • Oceanside, NY
Posted

Does this rehab formula apply to todays New York market on Long Island?

Multiply the ARV x .65 = 65% of ARV

Then subtract cost of repairs from the 65% = max purchase price 

Thanks

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