A.R.V. After repair value.
Clearly a new term for me, but very descriptive. I came across it in the fourth of four fascinating late-in-professional-life stories in today’s New York Times. We are introduced to a Duke Marquiss, who clearly brings a comprehensive and unique skill set to his innovative investments.
“Today he earns his living in the real estate market niche known as A.R.V., for ‘after repair value.’ He buys properties, restores them and sells them for a profit. Tipped off by a local friend, he bought 65 town houses in Rock Springs, Wyo., in 2005 for $75,000 apiece, on average, and sold them each for about $100,000.