I just want to confirm if my understanding between ARV and Market value if correct.
We get the Market Value based on the comps of the same/exact property within 1/4 mile radius and sold within 3 months.
How about the ARV? How much value do we add to the market value to get the ARV? For the cash investors who is saying 70 cents on a dollar, is it 70 cents of the market value or 70 cents of the ARV?
appreciate any opinion/information. thanks!