Some questions to get started with flipping

[Sharad M.]

Hello all,

I have some questions for experienced flip investors:

1) While calculating your ARV, is there a minimum number of solid comps you look for?
2) How far do you look for comps when calculating your ARV? 1/4, 1/2 mile radius?
3) When you list your property for sale, how many active listings do you usually compete against in your market?
4) Which of the following financing would you use:
a) Use your own money?
b) Use HML at about 18%?
5) For members who have done multiple flips, have you lost money on any? If yes, what were some of the reasons? Overestimating ARV, underestimating rehab costs, etc.?

Thank you in advance for your replies.