How do i find out how much equity is in a property?

Find out the market value and subtract the amount owed on it.

would that be FMV or ARV?

FMV = Fair Market Value
ARV = After Repair Value

So, if you want to know how much equity is currently in hte property, you would use the FMV. If you want to know how much equity MIGHT be in that property after it is fixed up, use the ARV.

I say “MIGHT” because ARV is often a guestimate based on the extent and quality of the repairs and assumptions of market stability.


Subtract what the owner owes from what it would be worth after all repairs are complete, and then subtract the cost of repairs and the cost of closing the deal