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To get started in a fix & flip business, you must first understand the market, the process of building the business, getting educated in the details. Part of that learning process involves in learning how to determine the After Repair Value (ARV). ARV is determined by comparing other properties that were sold recently JUST like the property you’re looking at. By doing so, you can figure out how much you can sell the property for. Understanding the ARV also gives you the idea of what the average market price is for the price. Figuring out the ARV is not an exact science. It takes experience, expertise of the area and knowledge of the neighborhoods to get accurate.
Sam Kwak is a professional #realestate #investor, #entrepreneur and the author of the book, “Fire Your Boss” and he is going to talk about some of the best ways to begin your real estate investing career. Sam has been investing here in the Chicago-land
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