Updated over 5 years ago on . Most recent reply
New Investor In Binghamton, NY
Hi Bigger Pockets Community,
I am looking to invest in a multi family in Binghamton, NY. I would like to cash out refi once the rehab is complete. Currently, I am having a hard time finding comps so I can assess a possible ARV or even where I need to be in my offer. What I am noticing is are properties that are not rehabbed and those prices are slightly higher than this seller's asking price. This will be my first investment using the BRRRR strategy, so I want to get this right. Besides speaking with an agent, how can I find better comps? Also, how can I assess how much value I am adding to the property during the rehab?
Most Popular Reply
Real estate agents can be a great resource.
You could try consulting with an investor that has experience rehabbing properties. Try to figure out a way to provide value to them, rather than only asking for advice.