Lex Levinrad Real Estate Investor, Speaker, Author & Mentor

On this podcast episode I talk about how much you should offer on a property, which is directly related to knowing what the house is worth. We establish what a house is worth by estimating the After Repair Value or ARV. We calculate this by looking at three things: 1. Comparable Sales - what houses sold for 2. MLS - what is currently listed for sale 3. MLS - inventory and pricing of houses Only by looking at the past (what houses sold for), the present (what is listed on the MLS), and having a pulse for what is going on with our market (inventory and pricing), are we able to really know with confidence what we can sell a house for. Once we establish this number, if we know what the repairs will cost then we can use a simple calculator to estimate our profit potential. I developed a Rehab Property Calculator for my students which you can access at http://www.lexlevinrad.com/rehab-property-calculator. This calculator is also available in the app store for both Android and iPhone - you can find out by searching