In my area, you can cross into another neighborhood just by crossing a street where home values double and school ratings change dramatically.If you feel that the appraiser overlooked comps more similar to your property you should compile a list and send it to your lender.

I like that it gives a suggestion to accept or decline based on the information it compiles.

Or if you have a relationship with a CA title company, they will give you an online account where you can compile lists and/or mailing labels for free.

You will see that when you start doing this and compiling information and putting together a list of what is renting or selling for what it will start to make sense to you.

Feel free to add me to your list if you are compiling one!

Software programs are getting pretty darn slick at aggregating info that once took eons to compile.

My question is if there ever comes a time when the savings are compiled enough to where it’s no longer necessary to take out this percentage of rent any longer.

If the comparables in the area prove that a multi unit makes sense, then I compile some similar properties and figure out what was built: Area, materials, number of units etc.

.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

For the past couple weeks I’ve been compiling addresses of distressed properties I’m interested in off market.