What is BMV?
The property market can baffle even the most polished property investor at times, with its newest abbreviations, acronyms and phrases. One of the latest to be introduced is BMV. It simply stands for Below Market Value, terminology which is now used to explain in short any property that is below its current market value on the open market. BMV property is, as you can imagine, a property investor’s dream and one that they pursue on a regular and professional basis to acquire. Once the property is acquired, it is generally either rented or ‘flipped out’, another term within the property industry to simply mean that the property is re-sold quickly after purchase for a modest profit. A good below market value price on any given property should be between 20-30% below current value. This margin provides good enough reason to invest. Whilst this market has been dominated by property investors over the years it is a market that has gradually opened up to anyone, especially as the downturn in t
