How Do Investors Run Accurate COMPS and Determine ARV Accuracy???

[Cameron Riley]

- Buying in the city, the house is a mess but the surrounding area is gentrified. How can i determine accurate ARV? COMPS???

- Tips and tricks for investors? Any help is appreciated, i looked up a bunch of things online, but i would much rather have the community help me through this

- I do not want the help of an agent currently!!!!

[Curtis Mack Davis]

Some of my financial friends are Realtors; they try to help me and I try to help them. If you intend to do as much to your purchase as other investors have done, then use those type homes in your list of comps. Many times, in these neighborhoods in transition, even certified residential appraisers are conservative on their appraisals. This is frequently an issue with resale in transitional areas. If your subject property needs lots of work, evaluate it from a perspective of demolishing the house and building new on the site. “Tear-downs” are also frequently seen in regentrified neighborhoods. Good luck with your project and reconsider your position of not using Realtors. They are a valuable resource!