How to Analyze Properties in Harris County

[Alex T.]

I wish I knew the subject like the back of my hand. :) 

I'm a new wholesaler in Harris County, and would like to network/work with anyone on analyzing a property to LEARN. I don't need to make anything off your deal. Just my assistance to you in helping analyze a potential deal.

The perk is that when my leads start coming in (from my direct mail marketing) you will definitely benefit from your time with a lead or partnership. Cash buyers, Wholesalers, Fix & Flippers, etc are all welcome to collaborate.

I will devote all my time to the analysis and to even shadow someone, if possible. I would truly love to work with someone on these topics because the internet & books can only teach you so much. I'll be at most of the networking events as well and the one tomorrow at the Redneck Country Club.

[Ray Lai]

@Alex T.

You know what make you a lot of money? Becoming a license real estate agent. Not only will you learn how to run comps, but if you are doing marketing to potential sellers you can not only help sellers who are distressed (wholesaling), but people with nice properties to sell where you can earn a safe, steady commission. Guess what realtors learn? How to run comps. On BP there are tons of brokers too so you can find one that offers some solid training. It's a really good investment in yourself.

In the meantime though, you already know the quick and dirty on how to run comps. It doesn't have to be 100% accurate, just in the general ball park. It's the rehab estimate that screws most people over. That's much more complicated. I've read a lot of new posts on people's first flips where they vastly underestimated the rehab costs. J Scott has a great book on how to estimate rehab costs and there are lots of great posts on it here.