Understanding the lingo is just as important as understanding the deals. When you’re analyzing a property, start with the ARV, or after repair value—that’s what the property could be worth once fixed. Compare that to the CMA, a comparative market analysis done by a licensed agent, and the as-is value, which is what the property is worth right now. Some investors also consider a broker’s opinion, giving another perspective on market price. Knowing these terms gives you clarity, confidence, and control when evaluating any potential investment.