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Updated 1 day ago on . Most recent reply

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Michael Goldberg
  • Investor
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Calculating ARV when all Comps have Garage and You Don't

Michael Goldberg
  • Investor
Posted

I have a house under contract that seems to be a solid BRRR. The only issue is that every comp has a garage and my property does not. How do you account for this when calculating the ARV?

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John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
2,742
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2,261
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John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
Replied

@Michael Goldberg

I’d take off about 10-15k for no garage. But you gain that back by the extra living space so it evens out. I’ve got 4 houses with converted garages and the appraisers count those bonus rooms/extra bedrooms as living space so my comps all came in high.

  • John Morgan
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