All Forum Posts by: Joshua Harris

thanks for the reply, sorry the way I wrote that was weird. I understand how to do a market analysis in order to find the ARV (usually) and how to estimate rehab costs. My issue is that in order to do my market analysis and determine the ARV of the distressed property I intend to buy, like you said, I need to find houses in the area that have been rehabbed, or look nice, are similar in size, and have sold. However, all of the recently sold properties (up to 12 months) are distressed like the ond i want to buy, so I can't find comps for the potential after repair list price of the property I intend to buy.

Due to there being huge cost swings depending on the neighborhood, going 5-10miles away is not an option. 

I was wondering if anyone has a tip on how to do a market analysis in an area like the one I described.

Hi eveyone, I have hit a bump when it comes to estimating my offer price on a home I am looking to renovate. Houses that have been recently sold are all distressed properties or foreclosures. Anyone have any ideas for how to estimate the ARV when dealing with situations like this?

Awesome, thank you. @Chris Mason

I am in North Carolina and finally found a lender that does investor cashflow loans based off of the property's potential rent. I have 2 other properties that show as a net loss for tax reasons so not having to disclose personal finance on this loan is a very good opportunity to expand in my opinion. My only issue with the process is that I am not sure how I go about getting an official rent evaluation because they do not allow use of the rental history of the property. Does anyone know where to find an appraiser that does this? Sorry I know that's a long winded way to ask that question.