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Updated almost 4 years ago,

User Stats

17
Posts
3
Votes
Garrett Gahn
  • Real Estate Agent
  • Orange County, CA
3
Votes |
17
Posts

Finding confidence in my ARVs

Garrett Gahn
  • Real Estate Agent
  • Orange County, CA
Posted

Hey BP,

As I continue to practice analyzing BRRRR deals, I'm finding that I feel great at every stage except truly feeling confident with my ARVs!

Although I run my comps, research recent home sales, etc.. I feel as though the comparable properties in the market I am investing in ( a very beautiful but also very rual area of the midwest) are almost all outdated when it comes to layout and design. When I look at my rehab estimates, I always favor much more modern design details than what is seen in the area. 

Am I seeing an opportunity to breathe a little life into the real estate market or should I be weary of just how well an "aesthetically pleasing" property will perform when estimating the ARV?

Hope I'm making some kind of sense.. thanks for any advice! 

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