9d • 💰 Wealth
💰 WEALTH TIP — If You Can't Comp, You Can't Close
If you can't calculate ARV, you're guessing — and guessing in real estate costs you money.
Most wholesalers lock up a deal feeling excited, blast it to buyers, and get ignored. Not because the deal was bad. Because the numbers were wrong.
Your cash buyers run comps in 5 minutes flat. If yours don't match, the deal is dead.
Here's how to comp a property in under 15 minutes:
1️⃣ Pull recent SOLD comps — 90 to 180 days max. Use Zillow, Realtor.com, or MLS if you have access. SOLD — not listed.
2️⃣ Match the property — same neighborhood, similar square footage, same bed/bath count. Stay within 1 mile.
3️⃣ Adjust for condition — if comps are updated and your deal is distressed, account for that gap.
4️⃣ Use 3–5 comps minimum — average the top 3 cleanest sales. Never rely on one number.
5️⃣ Run your MAO — ARV × 70% – repair costs = your Maximum Allowable Offer. That's your ceiling. Don't go above it.
Know this formula cold before you ever make an offer. Your buyers do.
Your action TODAY: Pull up any property in your market. Run comps on Zillow. Calculate the ARV. Practice the formula now — so when a real deal hits, you move fast and confident.
Full breakdown is inside the Wholesale to Wealth Course in the Classroom 👆🏽
Drop a 💰 if this hit.
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💰 WEALTH TIP — If You Can't Comp, You Can't Close
