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What Is ARV and Why Should You Care?
Most great investment properties need some repairs. This is what makes them a value to buyers and such a great deal when they are sold after the repairs. But some properties don’t look so great even after repairs. That is why before you decide if a property is a great deal to wholesale or invest in, you need to calculate the after repair value, also known as ARV. If you don’t have some kind of estimate as to how much the property is worth after it would be repaired, you could be losing money instead of making a profit on your investment. Appraisal vs.
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5 Avoidable Mistakes That Swallow New Real Estate Investors
Every real estate investor was at one time a “newbie,” someone who is just stepping out into the world of real estate. Mistakes are made be each of them, some of them detrimental, some of them not so detrimental, and all of them lessons to learn in order to be successful in the real estate investing game. Here are the top 5 mistakes that newbie’s make: 1. Under-estimate the Market
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3 Tips to Turning a Bad Economy Into Real Estate Riches
Turn on the news any given night of the week and you are sure to hear news about the economy being bad, people losing jobs, and companies going out of business. Real estate investors know that no matter what state the economy is in there are always ways to make money in real estate. A lot of people are starting to take notice and see that real estate investors are making fists full of cash, even in the “so called” bad economy!r
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