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Updated over 7 years ago on . Most recent reply

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Juan Santiago
  • Elkhart, IN
3
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Best software to FIND ARV?

Juan Santiago
  • Elkhart, IN
Posted

Any recommendations on the best software to use to find the ARV of a house? I tried using zillow, trulia, realtor.com and REI pro. None of them have updated info. And to be able to wholesale properly I need the correct ARV.

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Brian Pulaski
  • Flipper/Rehabber
  • Montgomery, NY
1,783
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2,639
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Brian Pulaski
  • Flipper/Rehabber
  • Montgomery, NY
Replied

This is one of those reasons I say wholesaling, although touted as a great way to "get started with no money in REI" is something that works better when investors are seasoned. There are no "programs" that will spit out an ARV. You need to be able to do this yourself, or find a realtor who will do a CMA (for no money and no future money from you). Personally I like to run my own comps and find my own ARV. Find local sales of rehabbed houses similar to the one you plan to wholesale. Adjust your house in comparison to the ones you found and determine a solid ARV. Don't inflate the ARV to try and sell the house to an investor, make it accurate.

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