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104
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34
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Conrad Legé
Pro Member
  • Chicago, IL
34
Votes |
104
Posts

Advice on comps

Conrad Legé
Pro Member
  • Chicago, IL
Posted

Hello,

I am currently in my search for my first fix & flip. I have found & recently looked at a property that I feel has potential. I’ve been reading the BP book on Flipping Houses by J Scott as a guide. I recently had my broker run some comps for me however there are limited SOLD comps to work with however there a few strong comps that are currently “contingent.” Would like at least 3 solid comps to work with.

My question is, is it good practice to use comps that are contingent or pending or should I stick solely with comps that have SOLD? 

Thanks,

  • Conrad Legé
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