ARV means "after repaired value".

Everybody has different ideas as to saving money for future repairs, spending money ON repairs, when are they to be done, which repairs are to be paid by the "association" and which are the responsibility of ALL THREE owners?

I don't buy things that need a complete rehab and almost never buy anything that needs "major" repairs.

Assuming that maintenance and repairs will cost 20% of gross rents (I believe this number to be way north of what it will actually cost) we arrive at $1,015 for maintenance and repairs.I will also have an extra $2,000 in a revolving CD ladder as a slush fund to fix whatever Murphy's Law throws at me.So:Gross rents: $5,076Taxes: $701Insurance: $766Debt service: $2520Maintenance and repairs: $1,015Cash Flow: $74I realize this will be basically a wash as far as cash flow for the first year, but I think I have all my bases covered as far as projecting what expenses will be.

When I go to these properties, I will have a checklist in hand to note all of the problems with the property, and will try to come up with some repair estimates based on what I see.

Also, your one selling price needs to take into account closing costs, potential hard money points assessed to your buyer, repairs... and your assignment fee.

The idea was to buy the home, make a few repairs, and then sell the home soon thereafter.

This can mean a bank loan, mortgage, credit card, hard money lender, private investor, HELOC, etc.oic oic so let me as another question lets say i find a fixer upper for 60,000 and the ARV is 100000 and the repair cost is 20000, will the bank lend me money to buy and rehab ?

Here is some detailsWhat ever cost i think there is in repair i double it to be on the safe side.

You will be more apt to buy deals that don't drain you of maintenance and repair dollars if you know and understand the construction of a property.