How to Accurately Calculate ARV ??

[Blake Murdock]

Hi All - new investor here! Currently stuck in analysis paralysis trying to find my first deal. I live in AZ but am looking out of state for less expensive properties. The part I am struggling with is calculating an accurate ARV when running my numbers! This seems like kind of a weird time to evaluate comps because everything was selling for much more in the last 6 months. How do you compensate for this? Also, what if there are no renovated comparable houses in close proximity? A lot of houses in the Midwest are under $100k and look like great reno candidates, but I'm stuck wondering how much a renovated property would sell for in those areas! Any suggestions or tips? I suppose I need to start creating a local team to help me out. Thank you!