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David Hegarty
  • San Francisco, CA
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Reverse engineering deals to get better comps

David Hegarty
  • San Francisco, CA
Posted Sep 18 2017, 08:50

A fellow investor told me the best way to get a quick estimate for Reno costs was to look at the 'Permit Value' of comparable renovations. 

For example:
This Flip: https://www.redfin.com/CA/San-Francisco/4261-23rd-...

Permit Value: $315K (https://www.buildzoom.com/property-info/4261-23rd-...)

Is this good advice?  

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