Posted by pboone on March 17, 2000 at 14:48:31:
70% of ARV minus repairs and holding costs
What Would You Offer? - Posted by Bill D
Posted by Bill D on March 17, 2000 at 07:07:30:
Here’s a hypothetical for now…may develop into something concrete in the very near furture. I need some help in determining what to offer.
SF rowhouse 4br/1ba in a decent urban neighborhood. For discussion purposes let’s say the ARV is $45.0. Further, after inspecting the property with an inspector, it’s determined that that there is $20.0 in damage. My plan would be repair damage and sale using owner financing.
Given the market value of $45.0 and repair cost of $20.0 what is the most I should offer. Thanks for the responses.
Bill