Analyzing a deal in my market

[Bret Halsey]

If I don't have MLS access, what's the best way to figure out what ARV might be on a house I'm contemplating for a flip? Also for estimating a rehab budget, how should I go about doing that? I know there's different formulas for figuring out my MAO, but I'm having trouble estimating these keys #'s (ARV and rehab cost) due to inexperience. Thanks!

[Bob S.]

Quote from @Bret Halsey:

If I don't have MLS access, what's the best way to figure out what ARV might be on a house I'm contemplating for a flip? Also for estimating a rehab budget, how should I go about doing that? I know there's different formulas for figuring out my MAO, but I'm having trouble estimating these keys #'s (ARV and rehab cost) due to inexperience. Thanks!

 Ok so the 1st thing you need to do is learn, The way to do this is NOT by reading books or going to guru seminars. Connect with someone local doing deals. You will learn more in a week then you will in a year reading books . BTW Zillow has the comps for you, just click on the closed tab, But DO NOT even try just yet. You need to learn what the reno will cost will be and that is NOT from speaking with a GC' they will give you retail pricing, 

All the best 

BTW this is exactly how I started 10 years ago, well 500 deals later, and nothing I have not done in RE. 

Good luck