How do you choose your "subject" property for comps when just starting out?

[Jordan Sizelove]

Hi everyone! 

I'm just starting out in REI and can't seem to figure out how to properly do a comp in my area (Antioch, CA). How did some of you choose your "subject" property when first starting out? Did you just choose any listing and make it your subject property?

Since I'm fairly new, I don't know what a good price or good deal is in my area. How do you learn this when starting out? I feel like this is the only thing holding me back from getting started.

I've been reading the book on flipping houses by @J Scott  He provides a great overview, but my market is a lot different. If some of you could chime in and share your experiences, that would be greatly appreciated!

@J. Martin

Thank you,

Jordan Sizelove

[Jared Benson]

You should be able to use the county appraisal website or the MLS if you have it. There may be a better way but I'm not sure. And no, 5 miles is WAY too far unless you are in the boonies. Don't jump over major streets or highways and you'll at least be on the right track. The closer your comps are to your "subject" property the more accurate they will be and the more confidence you investors will have. You COULD use one 5 miles away but any half decent investor will look at it and call BS.