Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 4 months ago on . Most recent reply

User Stats

44
Posts
21
Votes
Doug Fluckiger
21
Votes |
44
Posts

Second opinion on an ARV

Doug Fluckiger
Posted

I'm looking to buy and flip a property whose ARV looks improbably high, but the wholesaler says he could only find one comp which justifies his number. I'd like a second opinion. I don't know that a realtor would give me comps if I'm buying through a wholesaler, so are there any other options for finding comps?

The tools on Zillow and Redfin aren’t especially helpful since the house is off market, and they’re underestimating the number of bedrooms.

Most Popular Reply

User Stats

3,896
Posts
1,201
Votes
Erik Estrada
Lender
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
1,201
Votes |
3,896
Posts
Erik Estrada
Lender
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
Replied

@Doug Fluckiger

Try HouseCanary or ask a realtor for a CMA for a fee..

The last thing you want to do is buy this property and end up with a lopsided deal if the ARV is significantly lower than what the wholesaler claims. It will cost you a lot more in the long run. I would also ask multiple local appraisers. Use the lowest ARV value to be conservative.

business profile image
LuxePrivate Investments LLC
5.0 stars
27 Reviews

Loading replies...