Posted by Trish on June 09, 2006 at 14:16:29:
I figured that I would have to come down on the arv of the property. It will appreciate as that area is going to raise in value. I read that property values in that area are rising due to revitalization. And the other houses are being rehabbed now. I based my arv on comps in that area and came down off it from there. I think it will be worth more than I am figuring. Thanks for the advice though. I appreciate any experience viewpoint I can get.