Podcasts about comparable sales

What qualifies as a comparable? Listen in as Bryan breaks it down — with support from a few dictionaries and texts. In short, appraisers need to think twice before calling something comparable that isn't really comparable.

Discover 5 key real estate terms you need to know as an investor, and more importantly, how to use each to make more money in real estate!

Lisa and Amy revisit a frequent topic on Appraiser Talk: comparable sales.

Lisa and Amy take a closer look at comparable sales and just what about the comparable an appraiser is comparing to the subject property.

WOW!  "USPAP, Sasquatch, NAR, and Comparable Sales" is one helluva name for a podcast!  That's true, thank  you.  But given that the ramifications of the Sitzer-Burnett are obvious but still unknown, invoked Sasquatch.  And the fact cash equivalency adjustments to comparable sales may become more prevalent than in times past brought all of those concepts together into one big, yet unanswered question.  And that's the real conundrum.  We don't know yet what is going to happen. Not only that, but in "USPAP, Sasquatch, NAR, Comparable Sales" I ask a truckload of questions, but provide only a teaspoon of answers.  Why?  Because it is possible (not certain, merely possible) that with all of the class action suits still pending against NAR relative to price fixing, then NAR is going to be in financial hot water despite its 1.5-million members. Since this podcast is one for appraisers, not (buyer's) brokers, we appraisers need to be aware of how Sitzer-Burnett will affect us.  And, like Sasquatch, we know the affect is there, but we just can't yet prove what those affects are.  How will this decision affect us?  If NAR's structure changes, will the big brokers have their own in-house MLS systems?  If so, will they be compatible across platforms?  How many will appraisers have to join to have proper amounts of data?  Appraisers depend on brokers for data.  Will there be fewer brokers in the future?  Fewer deals?  If the buyer pays their broker how, if at all, does that impact the sales price from a cash equivalency standpoint?  Why?  So may questions still, yet so few answers! So, sit back, listen, think critically, and enjoy!  And click the link above to the Sasquatch film.  Something is there, we just don't know what it is yet.

What Do You Need to Know When Pricing Properties    Real Estate Coach Dan Rochon from No Broke Months for Real Estate Agents talks about what factors should be considered when determining the pricing of properties.Dan guides agents in accurately pricing properties by staying informed about the local market, considering factors like comparable sales, and prioritizing transparent communication with clients for successful transactions.Learn the importance of market knowledge in the latest No Broke Months for Real Estate Agents episode. --To find out more about Dan Rochon and the CPI Community, you can check this link:www.NoBrokeMonths.com --Do you want to win a FREE 45-minute complimentary coaching session with Dan Rochon and a FREE copy of the book "Real Estate Evolution," a comprehensive 10-step guide to achieving Consistent and Predictable Income?❗❗JOIN THE NO BROKE MONTHS FOR REAL ESTATE AGENTS MONTHLY RAFFLE HERE ❗❗--Stop

Have you ever wondered how to break into the world of property development without having your own capital? In this two-part podcast episode, Moss dive into the inspiring journey with Mike Day from Apexx Development, who took a leap from the corporate world to real estate. Transitioning from the corporate world to property development requires research, education, and a shift in mindset. Investing time and resources into learning about the industry and building a strong knowledge foundation is essential for success.Collaborating with experienced developers and assembling a competent team of experts improves project execution and attracts financial partners. Networking and developing relationships with potential investors are crucial steps in building a solid team.Traditional bank loans may not always be available for developers with limited personal capital. Exploring alternative financing options such as private equity, joint ventures, and partnerships opens up avenues for funding development projects.Get ready to gain practical insights into building a winning team, making strategic offers, and forming relationships with potential investors.So, if you've ever wondered how to break into property development without a hefty bank account, this podcast episode is your golden ticket. Join us as we embark on an enlightening and conversational exploration of Mike's incredible path to success.  Episode Highlights:00:00 Welcome to Helpmebuy Property Podcast03:07 Transition From University to Property Developer06:08 Getting Disillusioned in the Corporate Side of Things12:18 The Importance of Valuing Time in a High-value Business15:32 Developing Relationships With Potential Investors Over Two Years21:44 Property Development is a Game of Structures and Finance and Those Who Can Do This Together Will Do Wonders25:15 14 Bulls Road, Burraneer30:51 Acquisition Numbers, Gross Revenue and Profit on Cost34:20 The Little Intricacies of Building a Luxury Property40:36 The Shortage of Comparable Sales in the Market43:11 Funding Model and Due Diligence  Resources:Visit the Investor Partner Group website: https://helpmebuy.com.au/Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyau   About the Guest:Mike Day is the Managing Director of Apexx Developments, a Sydney-based luxury property development company. With a focus on high-end, sustainable, and innovative designs, Apexx Developments specializes in creating boutique dual occupancy and multi-residential projects. Mike's passion for luxury and elegance drives him to strive for excellence in every aspect of his work. With his latest project nearing completion, Mike is excited to showcase the pinnacle of achievement in the form of a stunning penthouse currently available for sale.Connect to Mike Day at: https://www.linkedin.com/in/mike-day-5a59a9227/ You can also connect with us on https://www.linkedin.com/company/77080688. For more podcast episodes, subscribe to our Youtube Channel at https://www.youtube.com/@moxinreza. Keep smiling, be kind, and continue investing. Peace out! See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information. Hosted on Acast. See acast.com/privacy for more information.

Many people are asking about the right way to estimate the ARV of the After-Repair Value of a property. There are different formulas that others use to do this, but for Dwan and Bill, it can be summarized into three steps. Join Bill and Dwan as they talk about how to estimate the ARV (After-Repair Value) in three ways. They also share some of the most important lessons on going against the current and doing the opposite of what everybody else is doing. Listen up and enjoy!   Episode 328 at a glance… Evaluating a property in three ways The Comparable Sales by the MLS The Replacement CostThe Income Approach Running into the market when everyone is running from it Using the 3 steps to estimate the ARV and getting a good deal What is Real Estate all about? How is Real Estate similar to buying stocks The right attitude to succeed in Real Estate Investing   Until the next episode!     About the host: Dwan is America's most sought-after real estate investor and coach. She has been featured on more than 50 media outlets in interviews and featured articles. For the past 4 years, Dwan's Podcast has grown in popularity and is now in the top 1000 business podcasts Connect and know more about Dwan here: Website: https://dwanderful.com Instagram: @dwanderful Facebook: https://www.facebook.com/Dwanderful

On this episode of REI Mastermind Network, we are joined by a successful house flipper with over 30 years of experience. We discuss the most important areas to focus on when renovating a house, finding wholesale deals, and streamlining the renovation process. Our guest shares tips on increasing curb appeal, purchasing wholesale deals, finding reliable contractors, and tracking expenses. We even hear about their challenging experience when starting out and how joining a real estate investor club changed their game. Tune in to learn their eight methods for finding wholesalers in your own city and much more.

On the newest episode of Appraiser Talk, Amy and Lisa take a fresh look at comparable sales and what USPAP has to say about them. 

Episode 080 - Is Your Comparable, Comparable? Agents and appraisers disagree about many things but almost none more vehemently than what comparables to use. Don't fret though, other appraisers, lenders, and homeowners constantly argue with appraisers too. The tough part, there are no rules or definition on what is a comparable property. In this episode, Brian talks about things to consider when searching for comparables and how to better help yourself in writing a CMA, discussing properties with an appraiser, and just maintaining your sanity on this topic.   SHOW NOTES 01:30 – Appraisers do not hate agents. 03:05 – Already up to 80 episodes. 03:20 – One of the top reasons for agents and appraisers to argue is over comparables. 03:55 – Many professionals don't agree what is a comparable is. 05:00 – There are some descriptions of a comparable: Fannie Mae and Freddie Mac, USPAP, and other text. 07:20 – Difficult to “define” a comparable so it becomes subjective. 08:10 – Things to consider when searching for comparables: bracketing. 10:00 – Lender will chime in on comparables. Appraiser has to appease the underwriter. 11:05 – Comparables should be similar physically, economically, locationally, and legally. 11:40 – Many people “know” what a comparable is, like it is a fact. Not possible. 13:10 – Agents have some awareness of comparables because they might know what a typical buyer would do. 15:10 – A comparable is not necessarily one that just supports the contract price, but not similar in amenities. 16:35 – Fannie and Freddie look at adjustments to the comparables. The more adjustments, the property might be less of a comparable. Proximity and sale date are also factors. 18:55 – A comparables is not a fact, so don't get mad because the appraiser doesn't use your comparables. 20:00 – Everyone says they have the “best” comparables but did they back it up? Explain why your comparables are the “best.” 20:50 – Explain why a property might NOT be a good comparable.   SHOW LINKS Comparable described by Fannie Mae – https://selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Subpart-B4-Underwriting-Property/Chapter-B4-1-Appraisal-Requirements/Section-B4-1-3-Appraisal-Report-Assessment/1032992441/B4-1-3-08-Comparable-Sales-10-02-2018.htm#:~:text=Comparable%20sales%20should%20have%20similar,compared%20to%20the%20subject%20property.&text=Fannie%20Mae%20does%20allow%20for,appropriate%20for%20the%20appraiser's%20analysis. Appraisal Scoring Model – https://singlefamily.fanniemae.com/media/20576/display#:~:text=CU%20provides%20a%20numerical%20risk,that%20may%20require%20further%20attention.   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  

Episode 072 - Myth Debunked: Comparable Distance and Date of Sale Rules Myth Busters is such a good show. Their experiments to prove or disprove various tales. Today B will debunk the myth that an appraiser must comply with distance and date of sale rules when selecting comparables. Spoiler alert: there are no rules that say that. In this episode, B talks about how the guidelines work and how you can better find comparable sales and even push back a little on appraisers when they stand hardfast on not being able to get past what they think is a “rule.”   SHOW NOTES 02:00 – “Rules”; Appraiser says, “I can't…”; what they are saying is “I don't know the rule”, or “I don't want to…” 03:36 – Guidelines versus rules. 04:35 – Pending, listing, and expired sales. A prior sale of the subject itself. 06:03 – Maybe you do not need to exceed those guidelines. 08:07 – Start the search for comparables based upon close proximity and recent sale and then expand the area and time frame. 08:55 – Find properties that are comparable and similar to the similar. 09:22 – Proximity and recent sale has some validity but does not mean the property is more comparable. 10:14 – Examples about lender underwriting request. 11:55 – Search market area for comparables. Market area is the area a typical buyer would search for a home when making a purchasing decision. 13:10 – Examples of far exceeding distance and time. Geodesic Dome home. 15:09 – Don't exclusively search for comparables based upon recent sale or close proximity. Find properties that are similar to the subject. 16:45 – Myth: comparable distance and time parameter “rules” is debunked.   SHOW LINKS Fannie Selling Guide on Comparable Selection – https://selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Subpart-B4-Underwriting-Property/Chapter-B4-1-Appraisal-Requirements/Section-B4-1-3-Appraisal-Report-Assessment/1032992441/B4-1-3-08-Comparable-Sales-10-02-2018.htm Geodesic Dome home – https://pacificdomes.com/eco-living-domes/?gclid=EAIaIQobChMIuqil76Tv8AIVsCCtBh1OyQafEAAYASAAEgJ-j_D_BwE Yawkey Way Appraisals – https://www.facebook.com/YawkeyWayAppraisals   BETWEEN THE LINES LINKS Email brian@brianclee.com   Web brianclee.com   Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/?   YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?  

https://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode, Dave, Cate and Pete take you through:Market update1. Stamp duty and the VIC budgetFor Victoria, a new premium for stamp duty was announced for property transactions above $2million, increasing the duty payable for contracts entered into from 1 July 2021. The trio share their thoughts on this ‘lazy taxation grab' from the government and the potential impact on both residential and commercial property investment in Victoria.2. Sydney prices taking flightLatest figures from CoreLogic see growth in Sydney housing values reaching 9.21% in the last quarter. Annualised, that is 40% when compounded. The Sydney market is very hot indeed, but we do expect the heat to dissipate? Taking the lead from the other capital cities may not be an accurate gauge.Comparable sales1. Valuation methodsThe Property Professor takes you through 3 of the most common methods of evaluating the price of a property: comparable sales, summation and income/capitalisation. Tune in to our show notes for a visual presentation.https://propertyplanning.com.au/how-to-determine-property-market-values-by-using-comparable-sales-ep-81/2. Finding comparable salesThe main attributes that buyers should itemise to compare the subject property to are: similar location, land size, building size, building condition and the recency of sale. The trio discuss the ins and outs of what to be looking for in order to determine whether a sale is ‘comparable'.3. Additional property attributes that can impact valueOther factors that could impact demand for a property (and therefore competition) include: topography, environmental factors, accessibility, utility services, town planning, zoning, other restrictions, improvements to the property, the potential for alternate use (commercial for example), views, orientation and shared ownership of common areas.4. How to value a propertyEach component of a property can be boiled down to dollars and cents to arrive at an end figure – EG what you are willing to spend! The trio take you through how to attribute monetary value to the various components of the property and which factors are most important. The Property Buyer shares a hot tip when it comes to properties on main roads vs quiet streets. Don't forget, finding the similarities between properties is easy, the tricky part is identifying the differences and placing a value on those.5. Case study….be sure to watch the video to get the most out of this educational experienceIn true lecturer style, the Property Professor takes you through a real-life example of finding comparable sales for a property going to auction on Saturday 22nd of May. Cate and Pete value the property and the expected result on auction day, with the disclaimer that there may be additional factors identified after walking through the property.6. When is comparable sales methodology a challenge or impossible?The trio discuss the circumstances that may cause some obstacles for comparable sales analysis. The Property Planner issues an important reminder that comparable sales cannot be taken as gospel.7. How to deal with anomaly sales resultsWhen you come across a sale that has a surprising result, it is important to understand the reasons behind it and the circumstances of the sale. What bank valuers often don't take into account is real estate agents with excellent digital marketing skills, irrational bidders and tenants that hinder access to the property. A call to the selling agent can provide clarity behind the anomaly results.8. The invisible factors that buyers can missThe trio outline the facets of evaluating a property that may not be readily apparent through online searches and visiting an open for inspection.9. How far back in time can you go before the sales aren't comparable?This largely depends on whether the market is a buyer's market, a balanced market, or a seller's market. The trio share their tips on how to manage comparable sales if you have to go back further than is ideal.10. And of course, our ‘gold nuggets'Visit the show notes: https://propertyplanning.com.au/how-to-determine-property-market-values-by-using-comparable-sales-ep-81/

On this podcast episode I talk about why learning how to wholesale is a great place to start if you are a new investor. Learning how to wholesale and find houses at a deep discount is very important for you as a real estate investor and will make you a much more well rounded real estate investor. There are three types of real estate investors: 1. investors that buy rentals using a realtor 2. investors that buy rentals from a wholesaler 3. investors that buy rentals from sellers direct If you want to get the best wholesale deals at the lowest wholesale prices, then you will need to buy directly from motivated sellers. Those motivated sellers could be financially distressed (foreclosure, short sales, bankruptcy etc). They could be bank owned properties owned by the bank (REO). Or they could be properties that have been damaged by hurricanes, storms, floor or fire. If you want to find properties at a discount your seller is going to need to be motivated to sell at a discount. On this episode I talk about long term real estate investing strategies to create and build wealth like the Buy Repair, Rent and Refinance Strategy (BRRR). To employ this well known strategy you need to be able to find wholesale deals at wholesale prices that are purchased at no more than 75% of market value. That is the hard part. And realtors won't be able to help you with this. The way you find wholesale discounted deals is by buying directly from banks, buying from wholesalers, or buying directly from motivated sellers. Buying direct from motivated sellers is your best option. Soon, bank owned properties, foreclosures and short sales will be booming. But to buy these properties you have to pay CASH (no mortgages allowed). If you don't have the cash you need to have a private lender in place that will lend you the money. To get started, you will first need to learn and have a very solid understanding of what a house would appraise for, the repairs required to fix the house and what those repairs would cost. Only once you know what the house is worth fixed up, and what it would cost to fix it up, are you able to calculate your maximum offer price. I teach After Repair Value, Comparable Sales, Repair Estimates and how much to offer at our Wholesaling Real Estate Boot Camp which is held twice a year in South Florida. Here is a link for more info: https://www.lexlevinrad.com/distressed-real-estate-boot-camp/ If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/wholesalingwebinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On this podcast episode I talk about why learning how to wholesale is a great place to start if you are a new investor. Learning how to wholesale and find houses at a deep discount is very important for you as a real estate investor and will make you a much more well rounded real estate investor. There are three types of real estate investors: 1. investors that buy rentals using a realtor 2. investors that buy rentals from a wholesaler 3. investors that buy rentals from sellers direct If you want to get the best wholesale deals at the lowest wholesale prices, then you will need to buy directly from motivated sellers. Those motivated sellers could be financially distressed (foreclosure, short sales, bankruptcy etc). They could be bank owned properties owned by the bank (REO). Or they could be properties that have been damaged by hurricanes, storms, floor or fire. If you want to find properties at a discount your seller is going to need to be motivated to sell at a discount. On this episode I talk about long term real estate investing strategies to create and build wealth like the Buy Repair, Rent and Refinance Strategy (BRRR). To employ this well known strategy you need to be able to find wholesale deals at wholesale prices that are purchased at no more than 75% of market value. That is the hard part. And realtors won't be able to help you with this. The way you find wholesale discounted deals is by buying directly from banks, buying from wholesalers, or buying directly from motivated sellers. Buying direct from motivated sellers is your best option. Soon, bank owned properties, foreclosures and short sales will be booming. But to buy these properties you have to pay CASH (no mortgages allowed). If you don't have the cash you need to have a private lender in place that will lend you the money. To get started, you will first need to learn and have a very solid understanding of what a house would appraise for, the repairs required to fix the house and what those repairs would cost. Only once you know what the house is worth fixed up, and what it would cost to fix it up, are you able to calculate your maximum offer price. I teach After Repair Value, Comparable Sales, Repair Estimates and how much to offer at our Wholesaling Real Estate Boot Camp which is held twice a year in South Florida. Here is a link for more info: https://www.lexlevinrad.com/distressed-real-estate-boot-camp/ If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/wholesalingwebinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best-selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

Tucker & I Discuss: Covid 19 & the Silver Lining for Real Estate Designing & Building Multi-Million Dollar Homes Getting into Neighborhoods BEFORE the Development Train Detaching Your Home Pricing from Comparable Sales   Relevant Episodes: (There are 151 Content Packed Interviews in Total)  Dan Breslin on Gentrification-Double Property Values Matt Skinner on Multi Family & Multi Million Dollar New Const. Steve Werner on Where Have All the $50,000 Fix & Flip Deals Gone?     Resources Mentioned in this Episode: www.TTMDevelopmentCompany.com www.TheRealDealzPodcast.com  

This podcast episode is part 2 of "How To Build Your Cash Buyer's List". Please listen to part 1 before listening to this part 2 episode on building your cash buyer's list. On this podcast episode I continue where we ended off on the previous episode. I talk about more strategies of how to build your cash buyer's list and find cash buyer's by using: * The MLS to find cash buyers on past sales * Data mining lists for cash buyers * Using Linked In and Facebook Groups * Direct Mail to Cash Buyers * In the field talking to contractors * Virtual assistants scraping past sales data * Comparable Sales report showing cash sales * Your website If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

This podcast episode is part 2 of "How To Build Your Cash Buyer's List". Please listen to part 1 before listening to this part 2 episode on building your cash buyer's list. On this podcast episode I continue where we ended off on the previous episode. I talk about more strategies of how to build your cash buyer's list and find cash buyer's by using: * The MLS to find cash buyers on past sales * Data mining lists for cash buyers * Using Linked In and Facebook Groups * Direct Mail to Cash Buyers * In the field talking to contractors * Virtual assistants scraping past sales data * Comparable Sales report showing cash sales * Your website If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On this podcast episode I talk about how much you should offer on a property, which is directly related to knowing what the house is worth. We establish what a house is worth by estimating the After Repair Value or ARV. We calculate this by looking at three things: 1. Comparable Sales - what houses sold for 2. MLS - what is currently listed for sale 3. MLS - inventory and pricing of houses Only by looking at the past (what houses sold for), the present (what is listed on the MLS), and having a pulse for what is going on with our market (inventory and pricing), are we able to really know with confidence what we can sell a house for. Once we establish this number, if we know what the repairs will cost then we can use a simple calculator to estimate our profit potential. I developed a Rehab Property Calculator for my students which you can access at http://www.lexlevinrad.com/rehab-property-calculator. This calculator is also available in the app store for both Android and iPhone - you can find out by searching for "Rehab Property Calculator". That way you can use the app in the field like my students do, to estimate your profit potential on fix and flips. If you want to learn how to estimate repairs, labor and material costs as well as learn how to Fix and Flip Houses then I encourage you to attend my Fixing and Flipping Houses Boot Camp: You can learn more about this event at: https://www.lexlevinrad.com/fixing-and-flipping-boot-camp/ If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On this podcast episode I talk about how much you should offer on a property, which is directly related to knowing what the house is worth. We establish what a house is worth by estimating the After Repair Value or ARV. We calculate this by looking at three things: 1. Comparable Sales - what houses sold for 2. MLS - what is currently listed for sale 3. MLS - inventory and pricing of houses Only by looking at the past (what houses sold for), the present (what is listed on the MLS), and having a pulse for what is going on with our market (inventory and pricing), are we able to really know with confidence what we can sell a house for. Once we establish this number, if we know what the repairs will cost then we can use a simple calculator to estimate our profit potential. I developed a Rehab Property Calculator for my students which you can access at http://www.lexlevinrad.com/rehab-property-calculator. This calculator is also available in the app store for both Android and iPhone - you can find out by searching for "Rehab Property Calculator". That way you can use the app in the field like my students do, to estimate your profit potential on fix and flips. If you want to learn how to estimate repairs, labor and material costs as well as learn how to Fix and Flip Houses then I encourage you to attend my Fixing and Flipping Houses Boot Camp: You can learn more about this event at: https://www.lexlevinrad.com/fixing-and-flipping-boot-camp/ If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On the previous podcast episode (Wholesaling Real Estate Part 1) I spoke about the three things that you need in order to wholesale a property which were: 1. having a property to flip 2. having a cash buyer to flip the house to 3. having the money to fund the flip On this podcast episode (part 2) I am following up on part 1 and digging deeper into the first item in the list above which is learning how to find a property and evaluate a property in order to have a house to flip to another investor. This is the essence of wholesaling. You can have the best web site and tons of leads but if you don't know how to evaluate what a property is worth and how much you can flip it for then you will be constantly facing an uphill battle. In my opinion this is what happens to the majority of new wholesalers who focus on lead generation and websites before understanding the basic fundamentals. In order to flip a property to a cash investor, you will need to know what the house is worth retail, completely fixed up for sale to an end buyer. We call this After Repair Value or ARV. In order to establish ARV you need to have access to and know how to interpret the comparable sales. And then finally you would need to know what it would cost to fix the house up (this is called the repair estimate). To summarize, in order to make offers on properties you need to know: 1. After Repair Value (ARV) 2. Comparable Sales 3. Repair Estimates It is much more difficult to flip houses when you don't know what it would cost to repair the house or have an accurate ARV. You need this information in order to be able to talk intelligently with other wholesalers and cash investors that are looking for wholesale deals. I always tell new investors that want to learn how to wholesale to focus on action steps that put money in their bank account. If you can learn how to identify a wholesale deal then the money will follow since finding cash buyers or the money to fund your flips is not the difficult part. The part that is most challenging for beginners to wholesaling is learning how to identify great deals, knowing which properties to make offers on and how much to offer. Enjoy the podcast If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

On the previous podcast episode (Wholesaling Real Estate Part 1) I spoke about the three things that you need in order to wholesale a property which were: 1. having a property to flip 2. having a cash buyer to flip the house to 3. having the money to fund the flip On this podcast episode (part 2) I am following up on part 1 and digging deeper into the first item in the list above which is learning how to find a property and evaluate a property in order to have a house to flip to another investor. This is the essence of wholesaling. You can have the best web site and tons of leads but if you don't know how to evaluate what a property is worth and how much you can flip it for then you will be constantly facing an uphill battle. In my opinion this is what happens to the majority of new wholesalers who focus on lead generation and websites before understanding the basic fundamentals. In order to flip a property to a cash investor, you will need to know what the house is worth retail, completely fixed up for sale to an end buyer. We call this After Repair Value or ARV. In order to establish ARV you need to have access to and know how to interpret the comparable sales. And then finally you would need to know what it would cost to fix the house up (this is called the repair estimate). To summarize, in order to make offers on properties you need to know: 1. After Repair Value (ARV) 2. Comparable Sales 3. Repair Estimates It is much more difficult to flip houses when you don't know what it would cost to repair the house or have an accurate ARV. You need this information in order to be able to talk intelligently with other wholesalers and cash investors that are looking for wholesale deals. I always tell new investors that want to learn how to wholesale to focus on action steps that put money in their bank account. If you can learn how to identify a wholesale deal then the money will follow since finding cash buyers or the money to fund your flips is not the difficult part. The part that is most challenging for beginners to wholesaling is learning how to identify great deals, knowing which properties to make offers on and how much to offer. Enjoy the podcast If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below: FREE WHOLESALING TRAINING https://www.lexlevinrad.com/webinar FIXING AND FLIPPING TRAINING If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES SUBSCRIBE TO MY YOUTUBE CHANNEL http://www.youtube.com/lexlevinrad?sub_confirmation=1 CONNECT WITH ME ONLINE http://www.lexlevinrad.com http://www.facebook.com/lexlevinradrealestate http://www.twitter.com/lexlevinrad http://www.instagram.com/lexlevinrad http://www.linkedin.com/in/lexlevinrad http://www.pinterest.com/lexlevinrad https://plus.google.com/+LexLevinradrealestate DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com

In a competitive San Francisco real estate market, how can you tell if a listing is overpriced? It’s all about Days On Market, Inventory, Location and Comparable Sales.

http://thereiminute.com/how-to-analyze-comparable-sales/ Analyzing comparable sales is one of the most important steps in analyzing deals and calculating the after repair value of a home. Watch as we step you through the process so you can make offers more confidently.