Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

65
Posts
23
Votes
Victor Funes
  • Rental Property Investor
  • Modesto, CA
23
Votes |
65
Posts

ARV value who does it?

Victor Funes
  • Rental Property Investor
  • Modesto, CA
Posted

So I am looking to house hack with a duplex soon but I am looking to see at the brrrr method. So I just wanna know who and how do they determined the ARV value?

Most Popular Reply

User Stats

13,520
Posts
19,618
Votes
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,618
Votes |
13,520
Posts
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied
Originally posted by @JD Martin:

Well, it's more of an art than a science, but more or less: the ARV is what a similarly rehabbed house of the same approximate size, geographic location, and amenities would sell for/has sold for. The last part is a moving target, especially these days, but unless you live in a really small area you can usually find similar houses that have sold, compare how well they are fixed up and where they are, and get a pretty good idea. If you can't, then you probably aren't familiar enough with your market to be investing in that area. There's also ways to make allowances for houses that are slightly larger or smaller than yours or in slightly better or worse areas if there's no great comparable sold properties in your area.

 ...and everyone involved will come up with a different number.  You need to learn how to come up with your own, since all of your offers should be based on what the property is worth to you.

Loading replies...