Out of State Flip. How to run comps?

[Stephen Lee]

Hello all,

I'm from Maryland and have done plenty of flips up here in my local area because I am licensed and have MLS access. Last week I met a hungry young man in South Carolina who wants to do flips with my money down there and do a 50/50 split. I'd love to get that system in place and rolling but my biggest concern is making sure that he (and me double checking him) is going to be able to properly evaluate the market and run comps. He doesn't have MLS access so I wanted to know what everybody else's experiences with this was. I know zillow and redfin are probably the best resources but they don't include nearly as much as the MLS obviously. Those two are probably the best gameplan for us at this point but wanted to see if anyone else had any experience overcoming this issue. Thanks!

[Aaron R.]

@Stephen Lee You are going to need a realtor down there to sell your flips. Find the one you want to work with up front and they should have no problem helping you with comps given they will get the sales commission on the back end. Your job will be to analyze their analysis to make sure you are comfortable with their recommendation.