The Real Estate Investor’s Complete Guide to Understanding and Selecting Real Estate Comparables

Real estate comparables, or comps as they’re called, can be a real hurdle for some investors to clear. But, I’m here to tell you that it’s really not as complicated as you may think!

In today’s post, I’m going to share with you the factors that you need to consider when reviewing real estate comparables (by not taking these into consideration, you’re setting yourself up for trouble!)

Plus, I’ll also touch on how I get top dollar on my rehab deals while using these important comp factors AND the one mistake you should avoid.

We’ll look at these important criteria and steps in the comp evaluation process:

  • Location
  • Time of Sale
  • Size and Amenities
  • Narrowing Down
  • Bringing Top Dollar

Let’s get to ‘em…

Location

Obviously, location is a big deal in real estate on many different levels…

But, for our purposes, I’m talking about location as it relates

Continue Reading...

Two Bedroom Deals: To Pursue or Not Pursue and How Real Estate Comps Can Make All the Difference

I hear this question often, “Cam, I’m looking at a property but it’s a two bedroom home, should I avoid the deal or do it?” The reality is, there are scads of guidelines in the real estate investing world and a few hard and fast rules to follow, but one of your biggest guides will be what the real estate comps tell you.

When you come across a potential deal that goes against the known guidelines, and trust me you WILL, then it may be time to slow down, take a second look and perhaps reassess your options.

For instance, you don’t want to pass over a possible deal just because you turned a guideline into your unbreakable rule.

I have a case in point for today’s post where a potential deal goes against my own guideline of mainly dealing with 3-bedroom, 2-bathroom houses.

A student of mine asked me

Continue Reading...