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Estimating the ARV of a Property Accurately and Quickly!
Determining the ARV (After Repaired Value) of a property is typically the first step to determine whether it is a potential deal for you or not. Whether you are rehabbing, wholesaling, or keeping as a buy and hold - you want to become an expert at estimating the value of properties. If this number is wrong you could be making a huge mistake! During the presentation, "Estimating the ARV of a Property Accurately and Quickly!," Jeff Rappaport, President of Jupiter Property Solutions and JR McLaughlin, Associate Broker for Select Group Utah will walk us through the following to help us in our future valuations: 1) Understanding the guidelines an appraiser will use to estimate values of properties 2) Knowing how far away from your subject property you can go to get accurate values for your property (Cross over certain boundaries and you will end up making a big mistake!) 3) Tweaks you can make in your search when you are having a hard time finding comparables (comps) 4) Why you should get MLS access to run comps in Utah 5) How to estimate ARV in areas you are not familiar with 6) How to be confident and accurate in your decisions within minutes 7) How to verify comps that you are receiving from a Realtor (Tip: Not all Realtors know how to run comps) MORE ABOUT JEFF RAPPAPORT (in his own words): I have been involved in real estate investing since 2000. I got started in real estate by ordering some books and tapes through an infomercial on TV. I built a successful business based on buy and holds by taking over debts (no qualifying for new loans) and putting no money down. I supplemented that part of my business with short sales. In 2006, I branched out into high end renovations, commercial projects and land. After the crash of 2008, I lost everything! I was totally out of real estate by the end of 2011. In 2014, I began my second journey in real estate. I am primarily a wholesaler for the time being. I work in Utah and Idaho and may even look at branching out to other markets. Soon, I will be holding properties and will make commercial projects a bigger emphasis in my business. I have experienced many of the highs and lows of real estate investing. I have a passion for teaching real estate to others and had a separate business where I did just that. I currently teach new investors through an Apprentice program I developed. I believe education is critical to any investor’s success and continue to soak up as much information as possible. MORE ABOUT JR MCLAUGHLIN (in his own words): I have been buying and selling houses, or at least attempting to for 16+ years, sometimes I've even had some success. I got introduced to real estate investing through the stock market in my early twenties. In 2010 I let my Mortgage Loan Originator license lapse to focus more on real estate. I've been a licensed real estate agent and broker for six years. I've been lucky to have had the best mentorships from both licensed and unlicensed real estate doers in the business. My favorite deals are anything with seller financing. "There is no such thing as an impossible deal, but there may be an impossible seller." ABOUT THE SPONSOR: If you are looking for property management services or rental options in Northern Utah, Reeder Asset Management is here to help. Our family-owned and operated company has over 15 years of experience in rental real estate, including personal experience with ownership, and we are ready to go to work for you. For more information, call us today at (801)[masked] or visit us at https://www.reederproperties.com/ For More Info: Contact Rebecca Dearing by calling (801)[masked] or by sending an e-mail to [masked]. To Pre-Register: Visit https://www.utahreia.org/Events.aspx?ID=Estimating-the-ARV-of-a-Property-Accurately-and-Quickly-107-10-23-2018 and click the blue "Register Now" button at the top of the screen.

SLCC, Miller Campus, KGMC

9750 South 300 West · Sandy, UT

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This is a group for anyone interest in real estate investing. We focus on Training Members, Networking Opportunities, Providing Resources, Marketing, and Community Improvement & Involvement.

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