What strategies do you use to look for comps?

[Jack Hamm]

Hello BP, I have been looking at a bunch of properties lately as I am actively looking to BRRRR. I want to feel more confident in my numbers and wanted to check with everyone and ask what strategies and software you use for calculating ARV based off of comps.

[David Ramirez]

You can use any available listing platforms, but ensure that the sold comps are not more than 6 months old. It is key to prioritize comps that have been sold within 3 months and are within .5 miles of your subject property. Additionally, a make sure that the comps are within the same neighborhood, without a major highway separating them from your property, as this could indicate significant differences in the neighborhoods.

Check the active properties in your area and make sure that your target ARV is not higher than any other remodeled property listed as active. If it is, your property may not appraise or sell, as it would simply become another active listing in your neighborhood.

@Abel Curiel mentioned good platforms that facilitate that search!