BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 2 years ago on . Most recent reply
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COMPS QUESTION- Analyzing some properties-
I am analyzing a market and am taking a look at the current multifamily properties in the area for sale- using propstream. The comps have some outliers. do i remove the outliers? The comps are 4 properties at 755,000 and as low as 90,000. it actually looks like the same company bought the 755000 and another company bought the properties at 90,000 (bought on the same day) ANYWAYS, my question is do i remove the outliers? The property is for sale for $150,000. With the 750k sales the average sale is 333k, without the outliers its $103k, its such a huge difference, I want to do BRRRR, and want to make sure I'll be able to refinance enough. thanks in advance!
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Don't use propstream to comp property. Use a realtor with access to MLS