How To Determine The After Repair Value Of A Property

Подписаться 502 тыс.

Просмотров 183 тыс.

50% 1

In this video, you'll learn how to determine the After Repair Value of a property and how to become a pro at running comps and calculating the ARV without needing a real estate agent.
ALL-IN-ONE HOUSE FLIPPING SOFTWARE
GetFlipster.com
Analyzing Deals in Redfin Playlist:
• Analizing Deals on Red...
----------------------------------------------
Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
Recommended Playlist:
• How to Analyze Deals
GET PAID $10,000 to find deals for Jerry
www.My10kCheck.com
FREE On-Market Deal-Finding Software:
MyDataCruncher.com
FREE Craigslist Deal Finder Software:
flippingmastery.com/craigslis...
FREE BEST-SELLING EBOOK: Making Money in Real Estate
flippingmastery.com/ebook-10k...
AMAZON BEST SELLING BOOK: - How to Make A Million Dollars A Year Flipping Houses:
www.amazon.com/dp/B00QJ0EAME/...
FREE Quick Start Guide:
flippingmastery.com/quickstar...
Learn How to Mentor & Partner With Jerry:
FastTrackwithJerry.com
SUBSCRIBE:
/ jlnorton1234
FACEBOOK:
/ flippingmastery
INSTAGRAM:
/ flippingmastery
#FlippingHouses WholesalingRealEstate #HowToFlipAHouse

Опубликовано:

7 мар 2019

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 350

@jillhaynes2876 4 года назад

I learned today..whoohoooooooooooooooooooooooooooooo!

@jamondearagon 3 года назад

That’s a win!

@JeremyLMarquez 2 года назад

How many have done since? 1 year

@dlocktrends9703 Год назад

So do I take wholesale fee + MAO and thats the price I give to my cash buyers after I get the contract signed by seller?? I am stuck on this

@jordanparker8669 7 месяцев назад

@@dlocktrends9703you’re wholesale fee and repair value is included in your maximum allowable offer and that will be the offer you present to the property owner

@EM-fz3hf 3 месяца назад

Same. Things are finally starting to make a little more sense with all this numbers jargon lol. I feel a few steps further in my journey now. I saved learning all the numbers for last. 😅 Every little step counts, almost ready to go after some deals.

@XxLowLifeIsaacxX 3 года назад

Just recently found out about this guy and just want to say he's extremely underrated and the information he provides is potentially life changing if put in to the right mind and hands. Thank you so much you're a flipping genius!

@laceyhoots 3 года назад

Thank you so much for this video. It’s been a struggle trying to figure out ARV but now I understand.

@Pheagey 4 года назад

One of the most informative first step videos. ARV is such a magical thing at first. This really helps sort it out.

@mspurple2020 3 года назад

Not getting into flipping- just needed to determine ARV on my own home. Thank you sooo much for this info!

@minel5981 2 года назад

Thank you for everything you do Jerry words can't explain how much I appreciate you for being so understanding and giving to the community. God bless you and your family!

@nikjbax0 2 года назад

Whoa I literally just wrote out 4 pages of notes just of the ARV guidelines. You make seem so easy.

@yolandamarie616 3 года назад

Thank you Jerry! "You are a flipping genius". This has answered so many questions.

@serenity5056 3 года назад

I learn so much from you JUST FOR FREE!! I love this channel and I watch all of yours ads all the way through just because. Thank you so MUCH!!! God bless. Please continue making more videos on wholesaling.

@kenny9147 2 года назад

Thank you Jerry your blessing us with this amazing comprehensive ARV Video

@aleciahoward8484 4 года назад

Thank you for making it easy to understand!!!

@rubenluna109 4 года назад

Thank you! Super informative and transparent.

@SpeekerOFtruthe88 4 года назад

I love your videos. I am adding you to my list thank you

@lashelle6525 Год назад

Great video. Straight to the pt...Just what I needed to know and not to long.

@luiscasas9467 9 месяцев назад

Excellent video Jerry!!!! Very thorough, and clears the confusion between the concepts of comps, MAO & ARV.

@Abaines2222gaming 5 лет назад

Thank you! Great video. Great job at first explaining what ARV means, what to look for & a break down even to the sq ft. Very helpful.

@FlippingMastery 5 лет назад

+GND Baines 👍👉💵

@arthur8301 3 года назад

How come this darn video is not more popular? It's on point!!

@thefreemanworldexperiment Год назад

Jerry, you are an ARV-ing/Comping genius!

@iamaksd 5 лет назад

Very informative video on ARV. Thanks for sharing this. This was helpful and I'm going to look at it again.

@FlippingMastery 5 лет назад

+iamaksd 👍👉💵

@LB-xj3du 4 года назад

this was absolutely informative i took my notes

@TheDirtylacesTv 3 года назад

Brother I’ve been being your vids for the last few days. I plan on getting into rehabbing property’s soon. I’d give almost anything to ask you 5 questions! You the man!!!!

@rickboone1090 4 года назад

Excellent walkthrough on the ARV process. VERY helpful. Thank you!

@FlippingMastery 4 года назад

🙏👊

@GrowthMindsetProductions 4 года назад

*Real* *estate* *is* *my* *favorite* *way* *to* *invest* . Just keep in mind that if you plan on purchasing a property to rehab and rent out, have about 20% of the purchase price in reserves in case any surprises happen along the way. Cheers!

@wholesalewideye2750 4 года назад

Rental real estate?

@GrowthMindsetProductions 4 года назад

@@wholesalewideye2750 Yes rental real estate =) You can build passive income and have someone else pay down your loan - which is just equity bonus. Cheers

@apollobala480 3 года назад

Thanks Jerry. This truly is helpful. Cheers!

@MiningforGems 5 лет назад

My take away is I learned how to properly pull comps. I was depending on my agent for that. You make total sense about no one's going to care as much about the deal as the investor. I'm happy to have this tool under my belt. 👍🏾

@FlippingMastery 5 лет назад

+Byron W Yes! Arv is something you want to feel 100% confident about.

@drew3401 6 месяцев назад

I just recently found your channel. And I’m so excited to start my house flipping journey. Jerry you’re the perfect person to learn from. After watching a fair amount of your videos I can safely say you’re a great teacher. Thank you for all the wonderful advice!

@FlippingMastery 6 месяцев назад

You got this!

@leonelthomas3865 3 года назад

I watch so many videos and now I know how to do the ARV, repair cost, creative financing, getting properties below market value, and knowing if the property has high equity. Ima join the 10kClub ASAP!!

@NGEDI12 3 года назад

Where has this man been all this time I've been trying to learn real estate investing?!? Lol...Thank you for breaking it all the way down!!!

@aldreyfrancis 2 года назад

Brilliant information! Thank you!!!

@gccpropertysolutions9464 5 лет назад

Really solid breakdown explaining a property's ARV. Thx for another 'deep cut' video tutorial.

@FlippingMastery 5 лет назад

GCC Property Solutions 👍👉💵

@brodieandtiani5589 5 лет назад

I've gone through so many of your videos and they're very helpful. Thank you for taking the time to share your knowledge with us so you can help others!!

@FlippingMastery 5 лет назад

Brodie and Tiani 👍👉💵 What’s your biggest takeaway?

@malcolmslocumb7298 4 года назад

Flipping Mastery TV I sent you an email in regards to my interest in your program, is there any other way that I could contact you directly?

@JeremyLMarquez 2 года назад

How many deals have you done with this knowledge

@shaneclark4179 2 года назад

Wow this is incredible thank you, that was Among the most easy to comprehend videos I’ve seen in awhile on the subject, sweet video man!!🤘🏻🤘🏻

@christianaquinn6756 3 года назад

Super helpful! Thank you!

@Allen0010 2 месяца назад

I learned today AWESOME ‼️

@tylermayo5989 3 года назад

Thanks for simplifying that for me!!!!

@loulupero4147 3 года назад

Jerry great video. Thanks

@elvisbriseno7 4 года назад

This channel gives out more information than courses tbh...giving out value🙌🏽

@bizhustle3741 4 года назад

Love the simplicity

@chrisislas1838 4 года назад

Got to see this with more with an open mind...WOW! pretty awesome. I was told from several gurus (courses I've taken) not to apply this method oppose to this formula: ARV x 70% (give or take a few) - Repairs = MAO. They want us to learn how to calculate repairs so we can have a more accurate read and for profits. Only experience investors can use the Square Foot method to determine the ARV. Of course, back then there were no videos given out this coveted formula I mentioned nor the square foot for that matter. You had to pay to get that one little piece of information just like the formula for Rental Property. Believe it or not I managed to pull that out on a video before I knew the one for rehab and I did learn another formula for rental property from the same guru and he's very good too. Stupid question for here, You don't have a software like Redfin because why create one if Redfin is free and more than enough to get the job done? I'll be looking into the playlist that you have for Redfin and How to Analyze Deals. Thank you, Jerry.

@Im_Just_Sayin 4 года назад

Wow you pulled up the Redfin map and I almost saw my house! Good video and information breakdown. I’m excited to get some more properties with all the opportunities in Metro Detroit. I may see you around! 🤝

@delisiciajenkins9530 3 года назад

I'm wholesaling in the Metro area too. Many blessings to you.

@michaelstevens780 2 года назад

Thank you jerry you are a flipping genius!!!!!

@lowkeyIbes 3 года назад

Great Content Sir!

@kacytribble6436 5 лет назад

Loving your info, dude! THANK YOU for sharing! Question: Redfin works on the west coast, but it doesn't show homes for sale in my area. Is there another tool to use?

@FlippingMastery 5 лет назад

+Kacy Tribble Zillow.com

@scottw.6609 2 года назад

Thank you Always!!! 👏🙏

@paradisebright6072 3 года назад

I do not have enough words to appreciate what knowledge you share for us. God really blessed you and for sure He will bless you more and more. Thank you so much.

@destinydavis886 3 года назад

Literally watched this video like 5 times!

@josephalim 4 года назад

Thank you Jerry!

@TheVineyardChannel Год назад

Jerry, May God bless you and your family. Thank you - Brother Eli

@JayS64 3 года назад

Redfin yes! I was starting think I was the only one.

@Jewelworld360 4 года назад

Is it possible to also calculate the ARV for small distressed multifamily home such as 2-4 unit buildings?

@blake8ism 3 года назад

Good job Jerry.

@Ilianjo Год назад

Jerry youre a Flipping genius

@kboone122 2 года назад

And I've been using the deal analyzer because I'm a part of 10K club and it just seems like you know some of the problems I'm looking at their lower than what the deal analyzer is putting out so help

@JohnDoe-fs6lz 3 года назад

This is exactly what I need,

@erinbrowning6102 3 года назад

Thanks for all the FREE info. I really appreciate it. I have downloaded your kit and workbooks etc. Do you have any kind of checklist that goes exactly what the 10 days looks like as soon as you have a purchase offer agreement? Like set up escrow, inspections etc. Just want to have a handy checklist to make sure I am not missing something. Thanks!

@FlippingMastery 3 года назад

👍 Here you go! FREE 6 Figure Flipping Business Blue Print and 10 Steps to Your First Deal: flippingmastery.com/6fyt/

@juliezejnel3778 3 года назад

simple math but mind blowing lol , thanks for the info

@tyrell496 3 года назад

Thank you!

@lonestarr1707 4 года назад

THANK YOU🙏

@sethmichaelbrodie 3 года назад

I’m so blessed to have the opportunity to open up my RU-vid and watch your videos. I’m officially going to like every single video!!! Update on that deal, it’s officially out of option so we’re guaranteed 15 K and we’re on the way to September 30 for the full 💰.. On to deal ## 2

@FlippingMastery 3 года назад

great

@jermainetagalu2851 2 года назад

Jerry your a flipping genius

@JanetGrey-of6xi Год назад

I love you, Jerry!

@celuciano7067 3 года назад

when finding comps what happens If i cant find similar properties with the same bed/bath count?

@moneymakinginc7864 2 года назад

Yea jerry today i learned how to calculate the ARV and run comps it's cause your a flipping genius Question my friend when i find the arv and try and get the buy price which one u prefer better 65% or 70% to get the buy price

@tmjel1 4 года назад

solid info.

@pamyoung9378 4 года назад

This is definitely helpful, but what happens when all the comps are distressed properties? In the house you were first analyzing, all the comps were in the 60s and 1 was 129. I would assume that the one that sold for 129 had been rehabbed and the others were not. We are purchasing in Oklahoma City and many neighbors fit that same criteria. They are being bought and renovated slowly, but someone has to be the first to get that higher price. We are looking for buy and hold properties, but want to be able to BRRRR them which means the ARV is critical.

@antjblige_4744 4 года назад

Thank You

@msu2009 Год назад

Jerry what do you do when you can't find the sq ft on multiple sites and even within the neighbors of the subject property ? It gets frustrating! Thanks for all that you do!

@labreeb3333 4 года назад

You are the best.

@iamurnamann8662 3 года назад

I'm in your 10k Club. I have tried this method locally and even followed this video, using Baltimore. I can never find anything using the Fixer Upper option. I had no luck in finding a fixer upper to submit. Either wholesalers already got to the properties, or the fixer uppers I do find (and there are plenty), don't fully meet the criteria. The ARV for the fixer uppers meet the criteria based on two or three comps, but I can't find five comps near the fixer uppers. The most are two or three going back one year. I'm almost at the 30 day mark, if you know what I mean. You should see 100 open tabs on my browser! LOL I'm trying, but not even first base.

@godslove331 2 года назад

Finally Got it!!

@vegameech 5 лет назад

Great video Jerry

@FlippingMastery 5 лет назад

+Travis Mack 👍👉💵

@bashelynnbj919 5 лет назад

Thank you soo much!!

@FlippingMastery 5 лет назад

+Ashelynn Burt 👍👉💵

@joanhaynes3797 Год назад

AWESOME!

@cfon3783 4 месяца назад

Just want to say, You Rock!! And Thank You Very Much! You Keep it to the Points and Understandable! Thanks for Reaching Out and Lifting Others Up, it’s what I believe in and seems as though You Do Too! Never heard of you before today but Glad now I have ! Appreciate you for sharing without all the Hoops and Greed before Providing Valuable Information Right Away ! Either that or my mind is healing enough for it to be able to grasp it better than before or I’m Leveling Up!!😃⤴️✨⬆️✨ 😃😁Either Way, Thank You Very Much, Appreciate It ! 🤗Blessings to You and Yours! ✨🙏🏼✨🥰

@kyles5224 4 года назад

Jerry! Please help. My question is what sort of value discount do you take for a property in a neighborhood that has lakefront property but the subject property isn’t lake front. $50/SqFt less than lakefront? Or do not consider lakefront in comps? Any advice is greatly appreciated sir. Thank you

@jessesoto6150 3 месяца назад

how did you determine the additional square footage @9:43? How to determine the square-footage of adding an additional room etc?

@anasarti7768 Год назад

Thank-you

@YanniCurry 5 лет назад

At this point, Your videos are the only videos I watch to learn how to wholesale. I’ve watched so many videos on it. But yours are very much so easier to listen to. You elaborate more vs beating around the bush

@FlippingMastery 5 лет назад

+Yanni Curry 🙏🙏👍👍

@Temarr 5 лет назад

Fax

@1ReasonJacome 4 года назад

@@FlippingMastery okay how do you get into the program I just paid for only one program of $97.00 and you took $97.00 plus another $97.00 ... please understand I only paid only for one program .. to please put back my money back in my bank... thank you... you can email me at reason.jacome@gmail.com

@FlippingMastery 4 года назад

REASON JACOME you need to email my team at support@flippingmastery.com

@geneseyearwood117 Год назад

Jerry, how do you determine the subdivision if the property is located on a major street?

@irissss6968 4 года назад

Man ty so much, I wrote all of this down.

@FlippingMastery 4 года назад

👊🏻

@terrellharper5753 Год назад

I'm trying to get this but I've watched a good bit of your videos in some videos you didn't do the formula and in others you used flipater and it made it hard for me to fully understand being that I don't have flipater

@shashgo 4 года назад

jerry, do comps have to be in the same neighborhood only? If I have a property that is in one neighborhood and I have four comps in that neighborhood, and there is one more but in a different neighborhood just across a street, then can I use that also

@chazmarhall 4 года назад

Im so motivated..

@FlippingMastery 4 года назад

🙏👊

@checkthisout1691 2 года назад

What would hold more weight, livable sq ft or other similar features? (ie. Target property is 3br 2ba ranch - 1900 sqft with a pool. Closest relative Comps that meet the 3/2 criteria with a pool are 1550ish (about 4-5 comps). Relative comps that meet the 1900 sqft criteria, are 4/2, but without a pool. All of the comps are in the same neighborhood, within 3 streets (not crossing any major roads). Hope that makes sense.

@explorewithpatrick 3 года назад

Thanks Jerry, you are the man. God bless you. Just applied to get my LLC and I’m going to be using Flipster to do my wholesaling business.

@FlippingMastery 3 года назад

Fantastic!

@Helentheboss2024 2 года назад

SOOOOO will I as soon as my 1st deal closes next week. 📣💃🏾❤️🎉🙌🏾

@swayamsingla8161 2 года назад

@@Helentheboss2024 is that on-market

@factsuntitled 5 лет назад

excellent

@johnscarpentrytv4358 3 года назад

So on Tip#3, if there are comps nearby, then how do handle that???

@jayvonriddle4578 3 года назад

Good ass video. Thank you!

@dontaepennant8107 4 года назад

When should you asses a properties ARV? After the seller says yes they’re willing to sell? Or should you do it before you call every potential lead?

@TheZapienFerChannel 4 года назад

It’s my first deal , trying to figure out the ARV. I get step #2 , because you used an example it was easier to follow and step #4. Step #3 I’m having trouble understanding. Is there a way you can give an example like the other steps . I’m more of a visual, plug in the formula.

@wavyboy2887 4 года назад

so do you still need a Realtor for accurate comps or can you do it yourself? Watched a training video on flipster where you said something about getting comps from A realtor? Thanks Jerry your the GOAT!

@FlippingMastery 4 года назад

Yes, with Flipster you can get comps for your deals. Go here for more information: Getflipster.com

@kentheengineer592 3 года назад

Flipping Mastery TV hey Jerry Quick Question Super Important when comparing remodeled only homes i am suppose to Find the as is value of each remodeled home according to the resale value of what additions or improvements were made to each remodeled home prior to making any adjustments so how do you find the resale value of these home additions or improvements? so how do you find the resale value of these home additions or improvements?

@josephintwan5439 3 года назад

I have a question, one of my sellers wants and EMD for this house, when would I give it to them? Before or after I sign the contract? And is it like cash in person or what?

@shashgo 4 года назад

jerry , how do do you know which comps are distressed comps? You can look at the pictures but if the houses look decent with good interiors and exteriors, then can you say that the one with the lower price per sq ft is a distressed property just because its selling for less?

@MrSupervillin 4 года назад

Wow freaking amazing 😉

@JeremyLMarquez 2 года назад

Jerry, what about using expected arv?

@rubys8496 3 года назад

what if i couldnt find any close in proximity? and only found 1 that has the similar comps but is about 15 minutes away can i still use it?

@ladylildizzy1 2 года назад

We are in the process of renovation our home and I cannot find any homes in the area that have been updated. What can I do?

@highincomeloweffort 3 месяца назад

Can you please share why average price per square foot is preferred over median price per square foot? Thanks!

@bilalhussain726 4 года назад

My situation is im looking into a 4 unit to buy and rehab. What do I do if I dont find any similar comps in the area (Not many 4 units) Do i just go down the ladder and work with 3 and 2 units that are similar in size and other features? Seems like my 4 unit would be the first in its neighborhood.