All Forum Posts by: Moses Sefah Bosompem

 That depends - how old is the septic system, is it still in working order and pass title 5 inspection?

What is the cost to connect to the public? Public is always better than private but it depends on the situation. If the septic is old and has several years left then maybe better to pay the connection fee - but if its in good working order - I would maybe pass on it as its available when the septic system is passed its life.

 Thank you! Yes I built this myself. You can use it for free, go to app.runcomps.org and enter your_best_friend

There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.

Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:

- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):

- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.

- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.

Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps. Take this 💥just-closed renovated property for example💥:

With my query of "22757 Charlemont Pl, Woodland Hills, CA 91364 5/4/2400-3050,0.6,300" we get an ARV Estimate that is ~4% off, and I picked this at random just scrolling through recently closed in my area

And the Market Stats $/sf of renovated property in that Zip Code matches up pretty well, so I know the ARV estimate is realistic:

You can also run Agent Stats to find/get in touch with the real top-agents in that area so you can triple-verify everything and/or list it with them when you are done.

Can you be more specific? What are you researching and what information do you want?

If I'm trying to determine market value of a property I'll use Zillow to see what similar properties in the area have been selling for the last 3-6 months. 

If I'm trying to determine how much to rent an LTR for I'll also use Zillow to see what others are asking for similar homes and how many people have reached out & applied.

If I'm trying to determine how much to rent an STR for I'll use the enemy method, AirDNA, and estimates from property management companies.