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Updated over 1 year ago on . Most recent reply

Kyle Thomas's profile image
Kyle Thomas's profile image
Kyle Thomas
  • New to Real Estate
  • from Portsmouth, VA
  • Member since Feb 14, 2023
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19
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15
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Kyle Thomas's profile image
Kyle Thomas's profile image
Kyle Thomas
  • New to Real Estate
  • from Portsmouth, VA
  • Member since Feb 14, 2023
Connect
Kyle Thomas
  • New to Real Estate
  • Portsmouth, VA
15
Votes |
19
Posts
Rehabbing & House Flipping

Comps, Rehab, and ARV

Kyle Thomas
  • New to Real Estate
  • Portsmouth, VA
Posted

Hey everyone! I've begun to comp properties and would love some input on the process - specifically, best practices for determining rehab costs & ARV.

  • Kyle Thomas
    • Denver, Colorado
    1 Vote
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    Ethan Gidcumb's profile image
    Ethan Gidcumb's profile image
    Ethan Gidcumb
    • Lender
    • from San Diego, CA
    • Member since Oct 17, 2022
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    Ethan Gidcumb's profile image
    Ethan Gidcumb's profile image
    Ethan Gidcumb
    • Lender
    • from San Diego, CA
    • Member since Oct 17, 2022
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    Ethan Gidcumb
    • Lender
    • San Diego, CA
    72
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    Ethan Gidcumb
    • Lender
    • San Diego, CA
    Replied

    Hey Kyle! One way I like to form an ARV is by looking at what properties sold within the last 6 months in the area. Then, I find a few properties similar in square feet, features, build date, and area. With those properties in mind, I'll compare what they got for the price per square foot and what I can expect my property to get.

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