Any good resources to calculate ARV and renovation estimates?

[John Cha]

Hi, I'm fairly new in this wholesaling niche and would like some guidance for how to gauge for ARV and renovation estimates? Any general guidance for what to look for in viable wholesale properties would be greatly appreciated as well. I look forward to connecting with you all!

[Norberto Villanueva]

Hello, John! There are many useful resources for ARV like, Zillow and Trulia for starters. Many wholesalers love Propstream. The "problem" with these is their use of average $ per sq ft to set value, which is only a ballpark and less desirable than say, a quality CMA from the investments knowledgeable friend in real estate (agent/broker) you'll be sure to include on your team :). And, whatever you do, reciprocate. Make it worth their while by offering your friends dibs on the deal! Oh, and make sure to include the projected rental values (and metrics) buy and hold investors like for some reason ;), for which Rentometer does a good if not great job, at least in most MSA's, not so much in rural areas.

Loving a wholesaler concerned with quality repair estimates, I like and use Homewyse, quite a bit. All the best!!

P.S. - I'm always happy to help.