Episode 14 of An Investors Journey covers how we run comps to determine ARV.
ARV stands for After Repaired/Renovated Value. Investors use this to determine how much they need to put into a project to get the best value.
We have seen so many people do this all wrong. We hope this episode helps you in getting better at running comps.
We will cover:
-MLS Access vs Zillow and Tax Appraisal
-Info from the subject property you will compare to
-Does an extra bed or bath really matter
-Crossing neighborhood lines
-What to look for in a comp
-DOM (Days On Market)
-How to use Active listings correctly
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Hope you guys enjoy this one!
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