How to determine the ARV on a RE Property

[Jose Ortega]

Hi BP, This one goes for the Flippers Pro. What tools do you use determine the ARV on a RE property before you even see it ? Trying to figure it out what are the best methods to take in consideration before physically go to see it. Try to get as much info as I can before go to take a look to SFH next week. Thank you!!!

[Kuba F.]

As ARV is determined by comps, I gather my comps and then perform a sales comparison analysis on them adjusting them for feature values. What those features are depends largely on neighborhood and on what's important in that neighborhood, and whether you're improving the property to flip it or to rent it. For example land values make a significant difference in my neighborhoods, other places it could be garages, or bedrooms. To really understand your comps you should walk them. Also go physically see what's for sale in your neighborhood to understand your competition.