How to Find ARV for your Deals! 💰 🏡

Рет қаралды 5,796

Жыл бұрын

Пікірлер: 16

@user-cd5pn7lj4d 3 ай бұрын

What if the houses has no comps? Do the comps always have to be a renovated house? What if all the homes were sold as is and none were renovated?

@Crashdummybeatz Жыл бұрын

What exactly is ARV and when a buyer asks me for a repair estimate on a property, how do I calculate that? Please help

@essenceessential2853 9 ай бұрын

Lets work together. What's your prefer method of contact. Do you use email?

@essenceessential2853 9 ай бұрын

U want to start off by finding renovated properties in the area of your property. A comp is a house thats the same style as yours and built around the same time. For exampe, if your house is RANCH style, u wanna find ranch style homes in that area. If it was built in 1950. U wanna find a ranch home built around 1950. and you can see if a house was renovated before it sold by the pictures thats listed on the listing. If the kitchen looks remodeled, the batbroom looks remodeled, floors looks new, paint looks new. Then u will know the house has been renovated.Find rehab estimate and arv of property and that will give u an idea of what to offer. 70 % rule is basically a rule that allows someone to make 85K-90K profit on an investment property. So if the arv is 280k. And rehab is 50k. Plus u want to add extra room for your fee of 10k. Offer price should be around 130k or 120k. . 280k arv - 90k cash buyer profits - 50k rehab - 10k assignment fee = offer price. ( - mark means subtraction)

@essenceessential2853 9 ай бұрын

Honestly for rehab estimates, you really just gotta do real estate investment rehab estimator research online for the area your trying to put under contract. Everything is categorized too. Ex. Low end rehab. Medium rehab. And high rehab. So when u see a property with a old fashion kitchen and bathroom. U would need to find the rehab estimate for the kitchen and bathroom If the floors look old, u might wanna find the estimate for that. Same thing for interior paint and exterior. Plus landscaping. And the more extensive repair is when the plumbing, electrical, and heating needs repairs. Its really just a numbers game. If u manage to get all your numbers right, youll never be stuck with a contract.

@essenceessential2853 9 ай бұрын

KZfaq keeps deleting my arv finder comment.

@zabdi5427 9 ай бұрын

@@essenceessential2853Hey, I can see that you have experience with wholesaling. Is there any way that you can be my mentor ? Thanks !

@jersonjames2732 11 ай бұрын

what if those properties were sold as is? so how can you know that those were ARV market price? if some of those house if not all are not fixed up when sold.

@essenceessential2853 9 ай бұрын

Not all properties are a good deal. U wanna stick to the principal especially as a beginner. U want to start off by finding renovated properties in the area of your property. A comp is a house thats the same style as yours and built around the same time. For exampe, if your house is RANCH style, u wanna find ranch style homes in that area. If it was built in 1950. U wanna find a ranch home built around 1950.

@essenceessential2853 9 ай бұрын

and you can see if a house was renovated before it sold by the pictures thats listed on the listing. If the kitchen looks remodeled, the batbroom looks remodeled, floors looks new, paint looks new. Then u will know the house has been renovated.

@jersonjames2732 9 ай бұрын

@@essenceessential2853 oh yes! that totally make sense. I got you on that..thank you!

@essenceessential2853 9 ай бұрын

Hope this helps

@essenceessential2853 9 ай бұрын

If theres no renovated properties in the area for the property your trying to assign, u might wanna leave that house alone and find something that has a comparable that was renovated within 6 months. And if u cant find anything in 6 months, u can do 9 months max.