There is a bidding war on 2905 Gem Cirlce in *********. I want to offer $170K and the ARV looks to be around $325K. Repairs needed are in the $70K range. What is the highest bid I could make and still have the end investor buyer buy it at .70 on the dollar after repairs?
Need confirmation on ARV upside
Thank you for contacting Investor Comps Online. After reviewing the property report for the property in Austin, your assessment of the ARV is within range. However, please keep in mind the ARV may be slightly lower but probably not less $300K and no more than $345K.
Using the ARV you determined, the offer should not be more than $157K if you are to sell for .70 on the dollar.
Hope this helps!