BRRR and ARV

[Tristan Black]

Hi Everyone. 

I'm looking do the BRRR strategy for a 21 unit apartment building in Connecticut. It does need extensive repairs but the building is in decent shape.

After the rehab I would like do a cash out refi which would leave me with virtually none of my own money in the deal.  

I understand how to evaluate a property based on NOI, cap rate, occupancy, avg. rent etc.

Question:

Is the Value I come up with the ARV. I ask because the BRRR calculator asks the ARV before taking these variable in to account.