From the course: How to Analyze a Wholesale Deal in Real Estate

Unlock this course with a free trial

Join today to access over 22,600 courses taught by industry experts.

The ARV calculator worksheet, part 3

The ARV calculator worksheet, part 3 - Microsoft Excel Tutorial

From the course: How to Analyze a Wholesale Deal in Real Estate

Start my 1-month free trial Buy for my team

The ARV calculator worksheet, part 3

“

- [Instructor] But there's two that may not be a good fit and it's because there might be something wrong with the data. You see that they're three bedroom two bath, but look at the square footage on these, they're super ginormous. And what's important here with the comps is we're using a per square foot average to calculate our ARV. So these are kind of close to each other and all of a sudden these two are super low right they kind of don't really make sense and also this one if you look at my ratings here this one's really beat down really run down, requires a lot of work so this is not really comparable to your target property that's going to be after it's repaired right so I'm going to throw this out. And the way to throw a comp out is to set zeros for this line here that says include or not zero means to exclude it. So watch what happens if I include them, if I put ones and include them, you see how these estimates right here this average per square foot estimate goes way down…

Contents