Finding a Accurate ARV for Investment property.

[Ernes Sahic]

Hello BP,

I am in a little bit of a pickle...

Okay not really, but I do need some advise. 

I purchased a single family investment property located in Lawton Oklahoma. I live in Dallas TX. I started the rehab and got a lot done basically rent ready now. I just received a cash offer, but I am torn between continuing my plan to Buy-&-Hold or change exit strategies by selling to invest into my market where I can self manage.

CASH OFFER= I am having a hard time placing an accurate ARV on the property. Does anyone invest in the Lawton Oklahoma area that can shed some light and help me figure out the ARV? I could get an appraisal done as a last option if I can't come to an ARV.

If the ARV is high enough I would rather refinance to pull my cash out instead of selling for a small profit. That is why getting a accurate ARV is import before you buy. *Lesson learned for next time.

I asked a local relator in Lawton about selling my house and they said the ARV is all over the place so I would have to choose a price to list. Reaching out to the BP forums would be more helpful.

Here is the link to my property info I ran in the BiggerPockets Calculator.

https://www.biggerpockets.com/...

Also has anyone had luck posting their investment properties for sale or rent on the BiggerPockets Market? 

[Evan Polaski]

@Ernes Sahic The ARV is important, but I also would look at what is the return you would achieve taking their offer. A cash, no contingencies offer has value beyond the dollar amount, and if you were only planning on cash flowing $100/mo off this, it may be worth taking the quick buck and getting into another deal.