Calculating ARV and Comparable properties.

[Steve Carter]

What website or websites are best to us to crunch numbers to get your ARV price and find your low and high comparable properties?

[Wyatt Franta]

I would first take a look at the comps. Look at the specs (beds, baths, SF, lot size, etc.) Drive-by them and observe their curb appeal. The highest-priced comp will usually have the best curb appeal, as first impressions are everything in real estate. 

When you begin creating a budget for the renovation phase, add an additional 10% as a buffer. Real estate rarely goes as planned, and you need to factor those unknowns as an expense.

The dream is to acquire a home at 70-75% ARV. But, in most markets these days, 80-85% is more realistic.