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Updated over 17 years ago,
calculate ARV in depressed area
dont know what made me think of this but here goes. is there any simple way to calculate the ARV of a property thats in a run down but should be up and coming area where most of the surrounding houses are in the same disrepair? obviously nobody is going to want to try and rehab a house and sell it for say $100k in an area where all the rest of the houses on the block are only worth $30k at the moment. so how do you adjust for that when making your offfer?
I think I just discovered my answer lies within my question but WTF i'll throw it out here anyway