Help A Newbie Please
I a completely green at this real estate thing so please dont laugh at any stupid questions I may have. I was recently contacted by a possible investor who is willing to pay me a finders fee for preforclosures. He sent me an email stating that he was mainly interested in under 100K and 50% or less of ARV. Althought he did say he would buy nicer homes too. What does ARV?
If you are asking what does ARV mean, it means after repair value. Your investor wants a property where the acquision cost is less than half of the property value after repairs. The other element is the repair cost.
ok , thanks for the help