After repair value of a property

[Tyler Hill]

What is the best way to come to an after repair value of a home? Should you have a professional take a look at it and then give you an estimate? Should you have it inspected and then ask a contractor ? Can someone give me the fill on going from finding a house that seems like it has potential to figuring out the ARV.

[Luke Miller]

@Tyler Hill you posted this in the wrong section, but i'll answer it anyway. There are a couple of ways. First, get a real estate agent to pull comparable properties in the area. Make sure they are true comps and include sales too. Next, you'll need a way to estimate rehab costs. Since you're posting this, i am assuming you aren't experienced in this so you'll need to have someone walk through with you. You can use some rules of thumb, but you might want to get a few deals under your belt before going that route. 

After, you'll subtract all your costs from the ARV. This includes rehab costs, holding costs, financing costs and miscellaneous. That's the number you need to purchase at to make it a good deal.

You'll get better advice posting somewhere else. You're in the commercial multifamily section (greater than 5 units). Properties are valued differently once you cross the "commercial" line.