I'm currently seeking out help. To help me understand step by step how to determine my Arv on a property i'm currently looking at for a possible great deal, as well as coming up with cost I can offer on the property.... I have all my comps, and other info needed to come up with the Mao formula. I'm a newbie wholesaler and looking forward to close on this first deal.
Thank everybody for your time.
Welcome to BP, @Donovan Lee !
To determine ARV I recommend reading this BiggerPockets blog I wrote: https://www.biggerpockets.com/blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-value
Let me know if I can clarify anything about the steps and process.
thank you so much.
I have one more concern.... Do I plug in my loan, holding cost, resale fee, into the formula after I've adjusted it to my comps?
@Donovan Lee Hey, what's your MAO formula. I thought you were just wholesaling the property, in which case I'm not sure why you'd have a loan or holding costs.
okay thank you for that... i'm working with an agent right now. She sent me a property with my CMA. I'm having problems still adjusting the value from my comps to my subject property. I just sent my agent my offer to give to seller to hear that my offer was a joke. I really need a better breakdown with adjusted value from comps to subject property.
I had featured that was the same while I done was Negative and positive adjusted value. Do I add all the adjusted value rather it's an negative or positive adjusted value?