BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Help with comping a property please!
Hello BP members. I am in need of some assistance. I am planning to purchase a 3bed 2bath duplex in my market. However, when I run comps I am pulling lots of single family homes. Single family homes seem to have a higher ARV than a multi family. Am I able to still use the single family homes as comps if they have the same square feet, bedrooms, baths, etc?
Also my main goal is monthly cash flow. If I keep the property as a duplex I will receive more in monthly cash flow, but if I tear down a wall and connect the units the ARV will be higher, I just won't cash flow as much. Any help on what the smarter move here is? Thank you any help is appreciated.