Comps, Rehab, and ARV

[Kyle Thomas]

Hey everyone! I've begun to comp properties and would love some input on the process - specifically, best practices for determining rehab costs & ARV.

[Ethan Gidcumb]

Hey Kyle! One way I like to form an ARV is by looking at what properties sold within the last 6 months in the area. Then, I find a few properties similar in square feet, features, build date, and area. With those properties in mind, I'll compare what they got for the price per square foot and what I can expect my property to get.