EPISODE #2 - “AFTER REPAIR VALUE”.
ARV, which stands for After Repair Value, is an estimation of the worth of a property post renovations rather than its current state.
Individuals involved in flipping houses frequently rely on ARV as a means of assessing the potential value of a property in need of fixing, determining both its purchase price and the anticipated resale value following improvements. I typically work with an average ARV range of $30,000 to $50,000 for effectively restoring an average home built between 1985 and now.
Factors that can influence this figure include one's level of experience; failure to conduct thorough research beforehand can lead to unanticipated expenses. Therefore, accurate calculation of ARV is a critical aspect of this industry.
Work with people who know their business at the House Flipping Academy - https://www.cmycinc.com/house-flipping-academy
Change your life one house at a time!
Show Host: Christopher Moss
Email: info@cmysinc.com
Cell Phone: 909-372-8787
Have houses for us to look at, this is what we are looking for ... 1985 and above, no haunted houses, no issues with plumbing, gas, water or sewage, no red tags, no liens, no HOA issues, and no clouded titles, must have a clear title, and yes we will do a home inspection.
Serious people only!
Thanks for listening to "The House Flipping Academy Podcast".
Available on all podcast distribution channels.
Copywrite - 07/02/2024
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-house-flipping-academy--6177489/support.
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