BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 5 years ago on . Most recent reply
How do you determine the after-repair value?
When you buy a fixer-upper and are ready to rehab the place, how will you know what the ARV is? Even if you are able to estimate rehab costs in advance, how do you know what the property will be worth after everything is fixed up, renovated, etc.?
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@Ben Feder
Best to find an agent who is investor friendly. They can send you listing of comps with what they paid and before pics and pics after rehab with sold price. Of course this is all parts of transaction was done through ur local mls.
Picture some stranger walking to your front door asking if they can see your newly purchased house to see how it looks after rehab...... I see a few doors closing on ur face.
But you can look at open houses on rehabs by flippers. Using a solid agent will help u get through this easier.
Best of luck