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The Real Estate Network

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Connecting Real Estate Professionals to Buy, Sell, Learn and Succeed Together!

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42 contributions to The Real Estate Network
Im Back!
Happy Thanksgiving everyone! I'm finally back. Sorry for the delay. Things are about to start ramping up... we're going to get things moving in a big way
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New comment Dec '24
Own Your Week: One Powerful Action to Attract SuccessšŸ”„
Happy Sunday, everyone! šŸŒž As we gear up for a brand new week, letā€™s take a moment to ask ourselves: "What's the ONE action I can take this week to make a real difference in my life?" Sometimes, itā€™s the smallest steps that create the biggest ripple effectsā€”whether it's waking up a little earlier, prioritizing self-care, reaching out to someone weā€™ve been meaning to connect with, or simply setting aside a few minutes each day for reflection. šŸ‘‰ Whatā€™s YOUR single greatest action? Drop it in the comments! Letā€™s inspire each other to kick off this week with purpose and positivity. So, whatā€™s your focus for the days ahead? Letā€™s make this week our best yet! šŸ’ŖāœØ
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New comment Nov '24
What is ARV in Real Estate and Why It's Crucial for Wholesaling šŸ šŸ’ø
What is ARV in Real Estate? šŸ¤” ARV, or After Repair Value, is the estimated value of a property after it has been fully renovated and brought to market-ready condition. -- Essentially, itā€™s the price a buyer would be willing to pay for the property once all repairs and upgrades are completed. šŸ  How to Calculate ARV: - To determine ARV, investors look at "comps" or comparable propertiesā€”similar homes in the area that have sold recently, ideally within the last 3-6 months. By comparing the sale prices of these similar properties, investors can estimate what the target property would be worth after renovations. Example: If similar homes in the area (with similar square footage, features, and condition) are selling for $250,000, that number can be considered your ARV. ___________________________________________________________________________ Why is ARV Important?šŸ’„ ARV is crucial for both real estate investors and wholesalers because it helps determine whether a property is worth pursuing and how much to offer. Hereā€™s why it matters: - The investorā€™s desired profit margin (in this case, a 30% return) - Estimated repair costs - Wholesale fee 1. Guides Your Offer PricešŸ’° 2. Helps Determine Profit Potential 3. Builds Confidence with End Buyers: 4. Minimizes Risk: - By knowing the ARV, investors and wholesalers can assess the profit margin. If the ARV and the estimated repairs allow for a decent margin, itā€™s likely a good deal. Without an accurate ARV, you risk underestimating costs or overpaying. - For wholesalers, a well-researched ARV helps in marketing the deal to other investors. When you present a realistic ARV, end buyers (like flippers) have more confidence that they can make a profit from the deal. - Overestimating or underestimating ARV can make a deal risky. A well-calculated ARV helps prevent losses by ensuring that you account for all costs, including repairs, holding costs, and a realistic resale value. ________________________________________________________________________________
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New comment Nov '24
What is ARV in Real Estate and Why It's Crucial for Wholesaling šŸ šŸ’ø
0 likes ā€¢ Nov '24
@Mari Leanne Way to connect with others!!!
0 likes ā€¢ Nov '24
@Kevin Fleming What part of Mexico are you??
Upcoming Posts... Stay Tuned...
šŸ”„How to go after 1 property and get several deals - Outside The Box Acquisition Method šŸ“ˆ - Lead Gen - 3 Lead Sources You Always Knewā€¦ But Never Thought Of šŸš€ šŸ¤ - How to Get Sellers to Work Exclusively with You - Objection-Proof Your Pitch šŸŽÆ šŸŽ“ The One Skill That Will 10x Your Deal Closings & Make Life 100% Easier Lastly, šŸ”„ Are You All Ready for the First Community Challenge? šŸ”„ Weā€™re gearing up for an exciting challenge, and this time, you get to decide! šŸŒŸ Submit your most creative ideas for a community challenge, and weā€™ll poll the top 3. The winning idea earns a FREE 1-1 coaching session šŸŽ‰. Let's get creative, stay competitive, and inspire each other to keep raising the bar. Who truly wants it? Nowā€™s the time to show up and prove it!
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New comment Nov '24
Anybody Brand New?
Was just curiousā€¦ is anybody in the group brand new to RES?
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New comment Nov '24
2 likes ā€¢ Oct '24
@Lisa Snapp Lisa!!!!! You're an OG! Do me a favor & make a post (I know you have before) but please make a post in the community about what you'd like to get out of the group-working sessions & if there's any particular questions or issues your facing. Better yet - anything you've learned since you've started!!! You're killing the game.
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Jackson Sincerbeaux
5
91points to level up
@jackson-sincerbeaux-7032
Real Estate Investor & Serial Entrepreneur | Florida-based, Nationwide. Focused on CRE acquisitions, dispositions, & investor coaching. Bing Bong!

Active 18d ago
Joined Aug 20, 2024
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