Performing CMAs

[Rob Rose]

I am relatively new to both real estate investing and BP. I am in the middle of my second flip right now. I understand the theory behind how to calculate a CMA but I am not experienced enough to be confident in my own ability, especially when it comes to calculating adjustments and determining an exact value in my market for differences between the subject property and the comps. I definitely need to break out of a reliance on sites like Zillow before I get burned. I was debating subscribing to a site like realpricenow.com, at least until I feel more comfortable in my ability. Can anyone vouch for whether or not this site offers any real value to someone like me, or if there is any other good advice for developing my ability to accurately calculate a CMA?

[Cheryl Koval]

As Matt suggested, if you work with a Realtor then they can assist you with comps before you buy the property.  It is best to form a team of competent members.