All Forum Posts by: Ethan Rapier

Thank you, Corey.

Hello everyone, 

My business partners and I are looking to purchase our first flip. We have been recently looking at a few properties and had comps sent to us but, adjusting them have proven to be a challenge. 

The issue I'm running into is how to adjust the value of comp based on if it has an extra bed room, fireplace, etc. then my subject property. I can't seem to figure out what that extra room or feature is worth to adjust up and down? Could anyone please advise how they adjust their comps. If it helps, I've been basing these off how J.Scott does his in his book "The Book on Flipping Houses." Thank you.

Chris T. Thank you for taking time to reply. That is what I will continue you to do.

Hello Everyone, My name is Ethan Rapier. I'm looking to get in to real estate investing and prefer to do by and hold rental units. My question today is what are some ways to protect yourself from defaulting on a loan you have for a property? I agree not using Debt to purchase wouldn't be smart due to all of the advantages that come with it. I just have a fear of defaulting on debt and want to be able to put myself in a safe position. Any help would be greatly appreciated. Thank you. Sincerely, Ethan

Thank your for your time and replies and the welcomes. I appreciate your help

Thank you Chris, I appreciate your time.

Hello Everyone!

I am brand new to real estate and I have been doing everything I can to start learning about the business (reading, enrolling in courses, etc.) I would like to buy and hold properties and rent them out however, to get a little cash behind I wanted to start flipping houses. The main thing that is confusing me is how to gauge what a property is worth so that I make a good purchase. I have heard Bout comps, but have no real idea how to use them or how to find them. Could anyone help me out I'd be very appreciative? Thanks for your time.