Uncertain on my ARV for the refinance.

[Osvaldo Cruz]

The property is 45k cash and rehab is 25k-30k. Total 75k. The problem I'm having is the comparables are 65k, 95k and 165k. All very similar in size and condition. The plan is to BRRRR the property and cash out. How can I be more certain on the ARV? Thank you in advance.

[Andrew Postell]

@Osvaldo Cruz if a realtor gave you a CMA with only 3 "comparable properties" that were 300% different in price...then he/she has no idea what they are doing. There's no way that a $65k property is the same as a $165k property. Those are NOT comparables. As mentioned above I would suggest ordering an appraisal and try to see how an appraisal works and try to train yourself a little on the process. Likewise, I would also suggest networking with some local real estate investors in your area so you can bounce ideas off of each other on how to properly calculate your ARV. Calculating your ARV is CRITICAL to the BRRRR strategy and you will continually sharpen that skill throughout your career.