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How to Find ARV & Offer Price for Beginners! | Wholesaling Real Estate

Published on: December 7 2022 by Zach Ginn

Are you a beginner wholesaling real estate and struggling to find the right ARV (After Repair Value) offer price? Don't worry, we've got you covered. In this article, we will guide you through the process of finding the ARV offer price for a property.

Step 1: Research the Market

- Look for similar properties in the area and their selling price

- Check for any upgrades or renovations done on the property

- Analyze the demand and supply of the area

Step 2: Calculate the Rehab Cost

- Make a list of all the necessary repairs and upgrades required for the property

- Get quotes from contractors and vendors for the same

- Calculate the total cost of the repairs

Step 3: Calculate the ARV

- Add the rehab cost to the current market value of the property

- This will give you the ARV of the property

Step 4: Determine the Profit Margin

- Decide on the profit margin you want to make

- Subtract the rehab cost, closing costs, and profit margin from the ARV

- This will give you the maximum offer price you can make for the property

Finding the right ARV offer price is crucial in wholesaling real estate. By researching the market, calculating the rehab cost, and determining the profit margin, you can arrive at the maximum offer price for the property. Remember to always negotiate and don't be afraid to walk away from a deal that doesn't meet your criteria.

How to Find ARV & Offer Price for Beginners! | Wholesaling Real Estate

In this article, we will discuss the formula for real estate wholesaling and how to find the after repair value (ARV) for your deals. We will also provide a complete updated offer guide so you know exactly how to offer your sellers the right amount with any type of market out there.

Finding ARV:

- The fastest and most efficient way to find ARV is by looking for comps (comparables)

- ARV is the value of a piece of real estate in its best condition, all fixed up and looking great

- To find comps, look at recently sold properties that are very similar to your subject property

- Combine at least four to five similar ones and find the average square foot it sells for, then multiply it by your square foot

- If you can't find comps, use the one percent rule or Cash Flow comps

- The one percent rule is finding how much the property will rent for on its best condition and dividing that by one percent

- Cash Flow comps are basically the same thing, but you find how much the property will rent for and multiply it by 100

Offer Formula:

- ARV minus repairs multiplied by 70% if

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