Comps when flipping

[Josh Mac]

Hello everyone,hope your enjoying your Sunday.I was wondering what is the best way to find comps when doing a flip?Thanks in advance.

[Chris Ayars]

I suggest doing a market analysis based on what the property WOULD BE worth when the project is completed. Then subtract the cost of the work to be done (build in a generous buffer). What is left is the maximum price you should pay for the property minus a reasonable profit and closing costs on both ends of the project.

[Alan F.]

Quote from @Josh Mac:

Hello everyone,hope your enjoying your Sunday.I was wondering what is the best way to find comps when doing a flip?Thanks in advance.

I like as much data as possible, Chris brought up great info, I run my own also; like for like sq ft bed/bath count, close radius, only closed sales in tight time frame, not separated by busy surface streets, pole line open space etc. Same school district, property taxes etc. Comps are a way to narrow down the speculation of ARV.