All Forum Posts by: Blake Murdock

I'm trying to run comps in Kansas to come up with the ARV for a potential rehab property.... however; all the sales prices are hidden. Apparently Kansas is one of several non-disclosure states that do not publish sales histories. How do you come up with ARVs in these states?

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Topeka, Kansas

Quote from @Julien Jeannot:

I would suggest to have an experienced investor review your analysis.

I've lost count of the number of analysis I've ran over years, but I alway appreciate a second pair of eyes before I make an offer. I've found peer review a best practice especially on deals outside my comfort zone.

Would you mind looking over my deal? Any pointers would be a big help!

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Cleveland, Ohio

Quote from @Chris Seveney:

Quote from @Blake Murdock:

Hi All - new investor here! Currently stuck in analysis paralysis trying to find my first deal. I live in AZ but am looking out of state for less expensive properties. The part I am struggling with is calculating an accurate ARV when running my numbers! This seems like kind of a weird time to evaluate comps because everything was selling for much more in the last 6 months. How do you compensate for this? Also, what if there are no renovated comparable houses in close proximity? A lot of houses in the Midwest are under $100k and look like great reno candidates, but I'm stuck wondering how much a renovated property would sell for in those areas! Any suggestions or tips? I suppose I need to start creating a local team to help me out. Thank you!

You absolutely need a local team but ARV is not hard, knowing what the repairs will cost is the challenge and you cannot do that without visiting the property and creating a scope and understanding construction costs.

I disagree about estimating the Reno costs - I’m not a contractor, I wouldn’t know any better in person than from pictures and trusting the professionals. I don’t think I need to visit the property to create a solid scope of work.

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Cleveland, Ohio