LF HEALER DEADMINES. EACH MEMBER RESERVES AN ITEM. STAFF ROk perfect, so For fix and flip when it comes to ARV that is definitely what we would do for you specifically is get you the ARV with a whole term sheet. You can do it on your own but having an ARV without a preliminary term sheet is like having a glove without a ball haha When it comes to repair estimates you get the property as is value with a current appraisal, estimate the cost of renovations which will be the homeowners job they'll need square footage, age of property, location, property's condition, which rooms are being remodeled, structural changes, and the quality of materials and appliances, etc. They can hire a contracted construction or companies that specifically do fix and flips to give them an appraisal of the renovations they are trying to do
Then you will find comparable properties when it comes to prices in the area.
Calculate the price per square foot Use price per square foot to determine ARV (either way I can get you ARV if need be. all being said and done haha) Now once you have all that info I need the homeowners info and property info to get you terms
6 months bank statements 2 years tax returns Signed Application Exact Purchase Price
Rehab budget
Do you have any costs/credits other than the purchase price? (IE assignment fees, seller credits, already completed rehab, etc
As is value
Exit Strategy
Market rent
Do you live more than 100 miles away
is property considered rural
pre rehab square feet
after expansion square feet
Number of beds and baths
number of living units after expansion
.
.
That's the whole picture ESERVED. INT RING RESERVED.