Best way to determine ARV

[Taronda Ransom]

Hey guys and gals,

I am looking for my first investment property. I am currently living in Casa Grande, AZ but also looking into the Phoenix and Tucson markets for fix and flip properties. I am interested in flipping in Casa Grande since it is an upcoming area but also have trouble determining the ARV to make the right offer and profit in the end.

What is the best way to determine ARV for these properties? Any advice would be helpful.

Is this information for accessible to me if I get my real estate license?

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@Taronda Ransom

I recommend signing up on Realtor.com or Redfin.com (or both) as you can search 'Recently Sold' properties within a specified time frame (i.e. past 6 months) for free. From there, it's a matter of analyzing those properties closest to the property you are looking at - both geographically and in terms of specifications - to properties further out from the subject property. Your goal is to match apples to apples (i.e. sq footage, #BR/BAs, amenities, style, etc) as closely as possible. 

You can enlist the help of an agent, but keep in mind that most agents are reluctant to help you out of the kindness of their heart, rather, they will likely expect to represent you in a purchase so as to not waste their time. If you are looking at approaching possible sellers directly (i.e. door knocking or yellow letters), then don't bother with agents.