Real Estate Comparables 101 | How To Run Comps On ANY Property!

In this video, Founders of Real Estate Skills, Alex Martinez and Ryan Zomorodi teach EXACTLY how to find real estate comps on ANY property--for wholesaling, house flipping, and beyond! Don't miss this essential video for all real estate investors as they debunk the "easy" ways to run comps on houses and provide the BEST way for the most accurate results.

🏠 Get the EXACT STEP-BY-STEP process we use for finding real estate comps with our FREE Comp Criteria Cheatsheet: ➡️ https://www.realestateskills.com/comp...

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Here’s What You’ll Learn:

📚 Understanding Real Estate Comps: Gain a solid grasp of what real estate comparables are and why they are crucial for your investment decisions.

🔎 How to Find Comps: We’ll guide you through the process of locating the right comps to ensure your property valuations are accurate and reflective of current market conditions.

🏡 Best Ways to Run Comps: Discover our expert strategies for running comps that help you determine the true value of a property—essential for making smart investment choices in wholesaling or house flipping.

📊 Analyzing Deals Effectively: Learn how to pull all the information together to analyze real estate deals like a pro, including calculating the After Repair Value (ARV) to estimate potential profit margins.

📌TIMESTAMPS📌
0:00 Introduction to Real Estate Comparables
0:53 The BIG 3 Numbers
1:35 What is the After-Repair-Value (ARV)?
6:37 Repair Costs or Rehab Costs
8:42 The Purchase Price
13:08 What are Comps in Real Estate?
18:35 Factors that Impact Real Estate Value
20:50 Comparing "Apples to Apples"
30:00 Find Real Estate Comps with the Same "Build Generation"
32:33 Find Real Estate Comps with the Same Features
34:26 Why are HOAs Important for Real Estate Comps?
41:25 Why are School Districts Important for Real Estate Comps?
44:34 Why Key Characteristics for Real Estate Comps are Essential
48:40 Thinking Like an Appraiser & BEING an Appraiser
59:50 The BEST Way to Find Real Estate Comps
1:07:35 How to Find Real Estate Comps (STEP-BY-STEP)
1:22:46 What Do You Do If You Can't Find Comparables?
1:35:05 "Working With What You Have"
1:39:38 Real Estate Comps Best Practices

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📝 Disclaimer:
This video is not personalized financial or legal advice for the viewer.