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As a real estate investor, you must be able to tell if a property is worth it right away. Only then will [link widoczny dla zalogowanych] you be able to make a profit every time you invest. You are about to learn that secret in this real estate investing 101 article.

As private money lenders, it's our duty to help you identify which property is worth it and which one isn't. You have to understand some basic real estate investing 101 terminology in order to successfully accomplish this task

The first real estate investing 101 term we can begin with is ARV - after repaired value.

This is the basic meaning behind ARV:

After repaired value is defined [link widoczny dla zalogowanych] as the worth of a particular property after certain essential improvements are made

When it comes to repairs, [link widoczny dla zalogowanych] you need to be sure that you are doing work [link widoczny dla zalogowanych] that will get you more than a 100 % return.

If you put one dollar in, you want to get two dollars out. So, if you are doing carpet [link widoczny dla zalogowanych] or paint, for instance, you better ensure that you get twenty dollars in return for every ten dollars spent. Now, there is always a particular improvement that you are just going to break even on.

Maybe all the doors and the garage door need to be replaced to make the property attractive and livable. If you replace the garage door, you are going to get a dollar for dollar return. You put $2,000 in, and you are going to get $2,000 out on the sales price. Or in some cases there may be repairs that you will not get anything out of.

There are always certain repairs which aren't going to give you a dollar for dollar return on. However, it is very cruical for you to get the basic needs met

Fixing the driveway up isn't really going to raise the worth of the property in a buyer's eye
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Just because [link widoczny dla zalogowanych] you spend $30,000 on repairs doesn't guarantee that you are going to add $30,000 of marketable value to that property. It is important to focus on the right things, required necessities, and spend money [link widoczny dla zalogowanych] that will get you the return you need for a profitable deal.

You need to do everything that you can do to focus on the things that will increase the appeal of the property. Work on the kitchens and the bathrooms. That's what the ladies look for. If the kitchen is great and the bathroom's are easy to clean, your property will seem very attractive to the prospect. Therefore, you can sell it for more.. [link widoczny dla zalogowanych]

If you [link widoczny dla zalogowanych] make the property attractive enough by working on the kitchens and the bathrooms, your buyers will immediately fall [link widoczny dla zalogowanych] in love with the house at first sight. Therefore, you can win them over more easily with a couple of standard sales tactics. They'd [link widoczny dla zalogowanych] even be willing to do the driveway themselves if you get these things right
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