Updated about 6 years ago on . Most recent reply
Very new but driven! Strugggling with comps in rural area
Hi!
My name is Ricky. I've been studying and learning and trying to get into this profession since May of this year. I've only recently gotten to a point, after the books and podcasts and guru courses, where I feel like I have a small understanding of how to do things. The issue I am running into in trying to find my first deal is that I am having a really tough time finding good comps and properly/confidently analyzing deals. I live in a pretty rural area and it seems as though there's never any close comps for any property I think might have potential to me a deal. Without hardly any comps 1/2 a mile away, that are very similar to the property I'm looking to wholesale, I don't have the slightest clue how to come up with an ARV. I am not trying to just guess at numbers and end up in a terrible deal that puts my family at financial risk. I'd like to have solid numbers before entering any deal. Does anyone have any advice for me on how I might be able to calculate an ARV in a more rural area? Thanks in advance for any time and attention you give to this post!!