All Forum Posts by: Peter Fuentes

Thank you very much Evan.  That was very helpful.   

Thank you very much Kenneth.

I just remembered that house values go up and down all the time... Something like that.. So something else is influencing the house value not the actual materials of the house

Still trying to get it.

Thank you very much for the responses

Im still  confused. 

Is the ARV literally what the house is worth... If i add up all the value of the walls, paint, fans, wood - evrything in the house.. Is that the ARV? For example, the house literally has 100k in materials..wood,roof,lights,stove,etc... That means the houses ARV is 100k we cant sell it for whatever we want.

How do you "bring something up" to ARV?

Is it done sometimes by upgrading with materials that literally are worth less than what we are selling for?

"It cost us one dollar worth of materials to bring this house up to 100k".  How?  Its not correlated? 

I think i might have a clue...  It has something to do with how much I got the house for...  

I havent connected all the dots yet

If im buying a house for $5 dollars and adding $2 dollars of repairs... The house is now able to sell for $10?

Is the value of the actual material added and the ARV correlated?

It took us $100,000 to build this house...but we are selling it for $150,000.

Is that how Real Estate works?  Am I missing something?

Is LA a good market to wholesale and flip?

Can it be done?

@Barry Pekin

What if I dont care what the other houses are selling for.. I want to build a home way more expensive than any thing else around

@Barry Pekin

What if have decided to put extremely expensive materials in the house?

What do i use as conparables? I wouldnt...right?

Thank you again Barry

@Barry Pekin

Barry,

Why is it that on every video or post I've ever read they always compare to the most similar and recent sales to get ARV?

I've never once seen someone mention anything else.

Thank you very much for responding Barry