Residential Rehabbing Criteria – Short Term
We look for homes in sell-through towns, in nice neighborhoods, with good school systems. We will run an analysis on an area to ensure properties in our price range are moving in our required time frame (under 6 months).
Currently, we can handle all aspects of rehab – from light cosmetic work (paint, carpets, appliances) to a complete demolition / rebuild.
Our acquisition numbers completely depend on our end resale value, and what our rehab figures are. You will see that we typically purchase at a certain % of “ARV”, or “after-repaired value”. This % depends solely on the area, our inherent risks, acquisition costs, and rehab costs at the time of sale. (For more generalized details on “ARV”, click here).
