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Updated over 2 years ago on . Most recent reply
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Comp Software comparison?
Hey Everyone,
So I recently went against the motif of BP and invested in a flipping coaching program, after getting seeing a lump of money building in my checking account (concurrently W2 at a tech company) by@jakeleicht and I do have to say he goes very in-depth for first-time flippers, like focusing on Single family homes, and gives great comp criteria (see below)
1. Standard Sales (no REOs, no Short Sales, no pending, no active)
2. Sold within the previous 6 months (preferably 3 months)
3. Distance within 1 mile radius (preferably 0.5 miles and within neighborhood
boundaries)
4. Square footage within 10% of subject property (minimum 150 sqft)
5. Bed/Bath count similar to subject property
6. Year Built within 12 of subject property (preferably within 10 years)
7. Low DOM (1 @ < 30 DOM; 2 @ < 60 DOM; 3 @ < 90 DOM)
Now most of my free time is spent looking and coming from tech, I know there is a better solution than scouring MLS-connected websites like Zillow, redfin, and Realtor.com.
Has anyone ever used software like FlipperForce? Or @cleverinvestors Deal Automator?
Most Popular Reply
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I would look at Propstream, their comp tool is pretty great. This is just one feature they have, we have used them for years and love it.