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Updated almost 5 years ago,
Finding a Accurate ARV for Investment property.
Hello BP,
I am in a little bit of a pickle...
Okay not really, but I do need some advise.
I purchased a single family investment property located in Lawton Oklahoma. I live in Dallas TX. I started the rehab and got a lot done basically rent ready now. I just received a cash offer, but I am torn between continuing my plan to Buy-&-Hold or change exit strategies by selling to invest into my market where I can self manage.
CASH OFFER= I am having a hard time placing an accurate ARV on the property. Does anyone invest in the Lawton Oklahoma area that can shed some light and help me figure out the ARV? I could get an appraisal done as a last option if I can't come to an ARV.
If the ARV is high enough I would rather refinance to pull my cash out instead of selling for a small profit. That is why getting a accurate ARV is import before you buy. *Lesson learned for next time.
I asked a local relator in Lawton about selling my house and they said the ARV is all over the place so I would have to choose a price to list. Reaching out to the BP forums would be more helpful.
Here is the link to my property info I ran in the BiggerPockets Calculator.
https://www.biggerpockets.com/...
Also has anyone had luck posting their investment properties for sale or rent on the BiggerPockets Market?