BiggerPockets

Hello out there,

I'm kinda new to wholesaling properties. My question is how
do I figure out the " After Repaired Value" of a piece of property?

Feeback would be very helpful!!:D

Ray's answer is accurate, but I think you're asking how to figure this out. Its easy and hard at the same time.

You have to look at a bunch of houses and find the values for those houses. Go to your farm area and drive up and down each and every street. Look at every house that's listed. Get an agent and go have a look at the inside of at least some of those houses. Go to every open house you can. Chat up the agent and find out what the markets like, what's selling, what's not, days on the market, and prices.

Get sold data. County records, MLS data from that agent, and title company data are the most complete and best (depending on where you live.) There are some pay sites that have data, but I've found this unnecessary. Zillow can help in finding exact addresses and sales data, too, just ignore their " zestimates." Go drive around and look at these sold houses.

Look for characteristics of the properties. On a busy street? Brick or frame? Basement? Small lot? Etc. The exact criteria vary from place to place. Around here, we don't have many beaches, so that's not a factor. View of the mountains is. Make lots of notes.

Figure out where the dividing lines are. There are always neighborhoods where there are similar properties and prices. The dividing lines between these aren't always obvious. Sometimes subtle divisions are more important that obvious ones.

Once you've done this a while, you'll be able to look at a property and look at its specs and be able to come up with a value. You'll also know whether it needs granite and stainless or Formica and white.

If you meant, is there a website where I can type in an address and get an accruate value, then, no, I don't believe there is any such website.