How to Comp Properties & FIND ARV the RIGHT WAY! | Wholesaling Real Estate

TL;DR

Live comping properties to determine the ARV accurately and efficiently with Zakkin's live demonstration.

Transcript

what is up guys how's it going zakkin here and we are live in today's video i'm going to break down with you guys exactly how to comp properties and get the arv and i could have done a nice little like edited video that's all cool for you guys here but really i want to do a live one because i want you guys to send me comps and watch me do it with y... Read More

Key Insights

• 👷 Concrete block constructions are typically more valuable than wood frame houses in certain locations like Florida due to durability and cost.
• 🖐️ Location, condition, and construction types play a vital role in comping properties to determine accurate ARVs in real estate deals.
• 🙃 Utilizing tools like PropStream can provide valuable data on bank-owned properties and absentee owners for effective real estate investment strategies.

Questions & Answers

Q: What is the importance of comping properties in real estate wholesaling?

Comping properties is crucial to estimate the After Repair Value (ARV) accurately, aiding in making informed decisions on pricing and property evaluation.

Q: How does the construction type affect property valuation in comping?

Construction type significantly impacts a property's value, with features like concrete block constructions typically valued more than wood frame houses.

Q: What role does square footage play in finding accurate comps?

Similar square footage within a range of 250 square feet ensures comparability, helping to identify realistic comps for determining property values.

Q: How can knowledge of different trade-offs like lot size and conditions impact comping?

Understanding trade-offs like lot size, condition, and construction types is vital in accurately assessing comps and gauging property values in real estate wholesaling.

Summary & Key Takeaways

• Zakkin demonstrates live comping of properties for determining the ARV of houses.

• This includes identifying comps, assessing construction types, and ensuring comparable factors.

• Watch as Zakkin offers practical advice and tools for successful real estate wholesaling.