From the course: How to Analyze a Wholesale Deal in Real Estate
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The after repair value (ARV) - Microsoft Excel Tutorial
From the course: How to Analyze a Wholesale Deal in Real Estate
The after repair value (ARV)
- Hey guys, welcome back to the course. In this lecture, we're going to cover one of the most important terms and concept around analyzing wholesaling deals. The term we're going to talk about is the ARV, or what's affectionately known as the after repair value. Now you can think of this as the price that a home buyer is willing to buy a house for in the open market. So we have a sample property and a flip investor bought it, and has gone in and has done all of the rehab work. How much could they realistically expect to sell it for? Now we start off with this because this figure is ultimately going to dictate how much you're going to offer on that property. Now never ever start off by thinking, how much can I afford to pay for this property? And then trying to work your way up to a sale price. Instead, always start with the ARV and then you work your way down to what is the most that you're willing to pay. But, a couple of questions are going to follow when you think about the ARV…
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