Running Comps - Wholesaling

[Jack Phillips]

Hi everyone. New wholesaler here. I was wondering how I figure out the ARV, comps, & estimate repairs of a property. Is there a certain formula? Can someone help me understand? Thanks

[Marc Maitre]

Your repair value (ARV) is simply what the property is worth fixed up. Comps are what has sold in an area of .5-1mile. Don't use comps that cross major highways or sub-divisions. Keep them tight. Use Zillow, redfin trulia, MLS, realtors, etc. Estimated repairs can get from contractors. But you're better off just googling questions like this; make youtube your best friend.