Is this crucial step missing from your ARV analysis?

[Kuba F.]

Hi Everyone,

My name is Kuba and I run my real estate investment software company, REIkit.com, out of Los Angeles.

I wanted to take a minute to talk about one of the most important steps, that you might be missing, to get your ARV valuations as accurate as possible.

You probably already know that in order to get to an After Repair Value, you need to find sold comps. It is very rare, however, to find recent comps that are exactly the same as the subject property.

For example, if you have three comps with a garage, and your subject property doesn't have one, that's a $10,000 difference that will dramatically change the profitability of your deal. I know this from experience, because that's how much I lost on that exact scenario in my first flip. The step that was missing was to adjust the comps by assigning dollar values to each feature, which I found out takes only 30 minutes.

As a result of that experience, I built out the free ARV Calculator with a Comps Adjustment feature on REIkit, so that others could avoid the same outcome. Anyone can use them, and I encourage you to try it out because it's so crucial to your success.

I'll leave you with the link to the tools:

https://tools.reikit.com/comps

Let me know how it worked out for you in the comments below or chat on the site.

Cheers!

Kuba