ARV for a Multifamily Deal

[Christina J Allen]

Hello Bigger Pockets! 

I am a newbie with an interest in Multifamily properties. I am currently learning to use the BP calculators to evaluate whether or not a property is a good deal! I am having trouble with estimating the ARV of a multifamily property. I have watched a few BP videos and I get the concept but its hard to find "like" properties of a unique multifamily in a certain area. I read that you should call the realtor and ask for their insight as well. Any advice on how to do this?

Much appreciated, 
Christina A.

[Justin Rademacher]

I would highly encourage you to interview numerous agents in the area that you are looking to invest in. I would specifically look for agents that specialize in investment properties. Finding an agent that focuses on this aspect of real estate can be an absolute gold mine. They typically have the relationships you will be looking for (pms, contractors etc) and they will have the knowledge of how to calculate COC, ARV etc.

I have a great questionnaire that I have created for interviewing agents. DM me  your email and I can send that over. Hopefully it can be of some use to you.