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Updated over 8 years ago,
What is your method to determine ARV for your flips?
So newbie here and trying to learn all I can. I've been trying to analyze some deals, but getting caught up trying to determine an accurate ARV.
I've been working on a spreadsheet I modified to do CMAs. My first problem is determine the number to use for adjustments (Age, Lot size, BRs, patio, etc). I understand no one can tell me these numbers for my market, but what did you use to learn some rough numbers for your first couple of flips? Or do you even do this type of CMA in the first place? Is this something I should be relying on my agent for?
Also, any tips for determining condition and level of finish for sold comps when there are no longer pictures posted or relevant details in the listing?
Thanks for any advice you can offer!