@@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
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!
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!
Jeeeerryyy how accurate is your comp my deal tool even in a situation where its hard to find relevant comps? Things are making sense and I'm starting to feel like I can really do this and its incredibly special. Thank you for all you do! You are truly a flipping genius!
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!
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.
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!!
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.
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!!
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!!!!
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.
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.
I I am trying to find the ARV for a property for which there are no nearby comps, then should I go back further in time to more than a year or expand the area to more than a mile to find comps. Or should I not pursue this property?
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.
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. 👍🏾
Quick question who pays for the home inspection? Looking at a property now may move forward with my first wholesale just looking to see who and how to go about getting an inspector don’t want to lose money for inspecting a house am figure out it’s not worth the flip I’m a little stuck here
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! 🤝
I hope you read this and it helps you come up with a new video… In states like Texas, the sale price is NOT public record. How can an investor who is not a REALTOR, nor has a REALTOR they trust to do thorough or expedient work, how can we determine accurate ARVs?
I’m so blessed to have the opportunity to open up my UA-cam 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
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
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
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 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
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
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! ✨🙏🏼✨🥰
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
*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 Yes rental real estate =) You can build passive income and have someone else pay down your loan - which is just equity bonus. Cheers
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?
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!
Jerry i have a question. To calculate the average price per sqft of comps, do we add up all the total price of 5-6 comps / All the combined comps sqft/ the number of total comps?
I find a lot of home on sold on redfin within the last 6 months don't have photos which makes it hard to know if the property was distressed when sold.
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.
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.
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
I learned today..whoohoooooooooooooooooooooooooooooo!
That’s a win!
How many have done since? 1 year
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
@@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
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!
Whoa I literally just wrote out 4 pages of notes just of the ARV guidelines. You make seem so easy.
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!
Jeeeerryyy how accurate is your comp my deal tool even in a situation where its hard to find relevant comps? Things are making sense and I'm starting to feel like I can really do this and its incredibly special. Thank you for all you do! You are truly a flipping genius!
Jerry, you are an ARV-ing/Comping genius!
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!
You got this!
How come this darn video is not more popular? It's on point!!
One of the most informative first step videos. ARV is such a magical thing at first. This really helps sort it out.
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!!!
Jerry, May God bless you and your family. Thank you - Brother Eli
Thank you jerry you are a flipping genius!!!!!
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.
Jerry youre a Flipping genius
Thank you Jerry! "You are a flipping genius". This has answered so many questions.
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!!
Brodie and Tiani
👍👉💵
What’s your biggest takeaway?
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?
How many deals have you done with this knowledge
Not getting into flipping- just needed to determine ARV on my own home. Thank you sooo much for this info!
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.
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!!
Thank you Jerry your blessing us with this amazing comprehensive ARV Video
Jerry your a flipping genius
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!!!!
Jerry you are a flipping genius
Brilliant information! Thank you!!!
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.
Jerry howdo you determine ARV on multifamily. I just can't figure it out. Can't find comps usually either for tri and four plex
Thanks
Watch this - ua-cam.com/video/h22QKq0WbG8/v-deo.html
Great video. Straight to the pt...Just what I needed to know and not to long.
I'm curious on the system you got behind you. Do you have a video on that at all?
👍 Here you go!
FREE 6 Figure Flipping Business Blue Print and 10 Steps to Your First Deal:
flippingmastery.com/6fyt/
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.
Thanks for simplifying that for me!!!!
In the Detroit market!
I love your videos. I am adding you to my list thank you
Redfin yes! I was starting think I was the only one.
Excellent video Jerry!!!! Very thorough, and clears the confusion between the concepts of comps, MAO & ARV.
Great Content Sir!
I learned today AWESOME ‼️
Thanks Jerry. This truly is helpful. Cheers!
I I am trying to find the ARV for a property for which there are no nearby comps, then should I go back further in time to more than a year or expand the area to more than a mile to find comps. Or should I not pursue this property?
how did you determine the additional square footage @9:43? How to determine the square-footage of adding an additional room etc?
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.
Is it possible to also calculate the ARV for small distressed multifamily home such as 2-4 unit buildings?
Literally watched this video like 5 times!
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. 👍🏾
+Byron W
Yes! Arv is something you want to feel 100% confident about.
Quick question who pays for the home inspection? Looking at a property now may move forward with my first wholesale just looking to see who and how to go about getting an inspector don’t want to lose money for inspecting a house am figure out it’s not worth the flip I’m a little stuck here
Jerry great video. Thanks
Excellent walkthrough on the ARV process. VERY helpful. Thank you!
🙏👊
Thank you so much for this video. It’s been a struggle trying to figure out ARV but now I understand.
Do u always need a contractor for the arv and title company
Super helpful! Thank you!
what about when you rehab the property?
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! 🤝
I'm wholesaling in the Metro area too. Many blessings to you.
I hope you read this and it helps you come up with a new video… In states like Texas, the sale price is NOT public record. How can an investor who is not a REALTOR, nor has a REALTOR they trust to do thorough or expedient work, how can we determine accurate ARVs?
Watch this - ua-cam.com/video/NK5svdiYcMc/v-deo.html
Thank you Always!!! 👏🙏
I’m so blessed to have the opportunity to open up my UA-cam 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
great
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.
+GND Baines
👍👉💵
Good job Jerry.
Can you please share why average price per square foot is preferred over median price per square foot? Thanks!
Really solid breakdown explaining a property's ARV. Thx for another 'deep cut' video tutorial.
GCC Property Solutions 👍👉💵
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
Thank you Jerry!
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
Love the simplicity
Very informative video on ARV. Thanks for sharing this. This was helpful and I'm going to look at it again.
+iamaksd
👍👉💵
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
+Yanni Curry
🙏🙏👍👍
Fax
@@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
REASON JACOME you need to email my team at support@flippingmastery.com
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
when finding comps what happens If i cant find similar properties with the same bed/bath count?
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! ✨🙏🏼✨🥰
Thank you for making it easy to understand!!!
Jerry, how do you determine the subdivision if the property is located on a major street?
So when trying to calculate ARV for a distressed property you would start with sold prices of distressed comps?
How you consider the lot? For example House bigger, smaller lot v.s Smaller House bigger Lot both 4 bed 2-3 bath
Hey Jerry is there any way I can give you call ?? I've got this deal that's really good but it's my first one and I don't want to mess it up
Thank you! Super informative and transparent.
Use propstream to run comps
that is an option
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!!🤘🏻🤘🏻
I love you, Jerry!
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
So on Tip#3, if there are comps nearby, then how do handle that???
I have been STUCK with no help and I have a better direction now, thank you!!! Still need help also
+Sheldon Cantrell
🙏🙏👉💵
+Sheldon Cantrell
You got this! 👉💵
This channel gives out more information than courses tbh...giving out value🙌🏽
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.
Fantastic!
SOOOOO will I as soon as my 1st deal closes next week. 📣💃🏾❤️🎉🙌🏾
@@Helentheboss2024 is that on-market
*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!
Rental real estate?
@@wholesalewideye2750 Yes rental real estate =) You can build passive income and have someone else pay down your loan - which is just equity bonus. Cheers
Is the line to sign for agreeing to use the same closer in your contracts that’s on the site
No you need to add that
You are the best.
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?
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!
Jerry i have a question. To calculate the average price per sqft of comps, do we add up all the total price of 5-6 comps / All the combined comps sqft/ the number of total comps?
Thank You
7:27 - RedFin how to run Comps
This is exactly what I need,
I find a lot of home on sold on redfin within the last 6 months don't have photos which makes it hard to know if the property was distressed when sold.
try zillow and realtor too for pics
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.
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?
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.
this was absolutely informative i took my notes
Does flipster include the deal analyzer software?
Yes, Go here to learn about Flipster getflipster.com/
Jerry, what about using expected arv?
Im so motivated..
🙏👊
simple math but mind blowing lol , thanks for the info
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