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Updated over 2 years ago,
Determining if it is a good BRRRR deal long distance
Hello! New investor here from Las Vegas, currently has done 1 flip and 1 under contract rehab being done in my local market.
I have connected and networked with out of state Realtors (Texas/OKC) to send me BRRRR or fix n flip deals and I have received some deals. My question is how do we determine and analyze the deal properly and know if it is a good deal or atleast 70% of ARV if it is outside of our market where we have no knowledge of that market? I can analyze it in my own market with no problem in MLS and I have tried Zillow to run some comps. Anyone has any other way to run some ARV's other than going with what realtors and wholesalers tell you?
Thank you