Calculating ARV in Texas

[Nicholas Smith]

Hey all, I am really trying to hone in on calculating ARV's in my area. We are preparing to go after some BRRRR deals in 2025. Texas being a nondisclosure state makes things a bit more difficult when trying to get my own comps and analyze deals in my area. What are your tips and tricks for getting your best ARV's in Texas specifically?

Thanks in advance and happy hunting!

[James Clays]

Hi Nicholas,

Calculating ARV can be very difficult, there are a few ways I try to calculate it. First I'll look at comps that are in the same neighborhood and see what they are selling for. I pay attention to see if they have been renovated and if they have the same amount of bed/bathrooms, also if it has a pool or not. Secondly, depending on the rehab level I would have a contractor come and look at the property with me. The contractor will help me get a better understanding of how much the rehab level will cost. Next I would definitely walk the property extremely thoroughly, look for foundation problems, roof, hvac, appliances, every sqft of the property should be inspected.

Hope this helps! Goodluck