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Updated over 7 years ago,
Estimating ARV on multi-family properties
Good evening bigger pockets,
I am on the search to add to my rental portfolio and I am hunting for my first multi-family property to BRRRRRRRR my way into. I am finding a few nice fixer duplexes and tri-plexes but I'm getting hung up in the analysis when trying to estimate ARV. Finding comps is easy with SFR but there are few, if any, comps to use for multi's and there are so many variables when it comes to comparing multi-families that I'm not sure how accurately they would be anyway. If anyone has a tried and true method to do this with some accuracy, I'd be forever grateful.
Thanks!
Jason