When you’re analyzing comps, you want to find the most relevant data to accurately come up with your ARV (after repair value). Ideally, you’ll want to find other properties that: • Have sold in the last 6 months • Are in the same neighborhood • Are in the same construction ...
To flip a house profitably; you need to run the numbers accurately. Do not fall in love with a property and then adjust your assumptions to make it look profitable on paper. Your assumptions should be never too optimistic. Money is always made on the buying price. Never overpay for a deal!
When you’re analyzing comps, you want to find the most relevant data to accurately come up with your ARV (after repair value). Ideally, you’ll want to find other properties that: • Have sold in the last 6 months • Are in the same neighborhood • Are in the same construction ...