Calculating After Repair Value
First, I'd like to say hello to everyone here at BP. I'm a wholesaler here in Memphis. This is an AMAZING forum, and I'm glad to be associated with it.
I don't want people to think I'm lazy and didn't search this topic before posting, because I did. I just didn't really get a clear answer from the previous threads. I've developed a relationship with a real estate agent and get comps from the MLS here in Memphis. So my with that being said here's my question:
Once I have my comps, how am I getting ARV from them? I watched a webinar that said take the average of 3-5 comps and that gives you the ARV. I've watched others that say take the 3 lowest and average. Others say take the three highest. So once I have the comps from the MLS, whats next?????