Ep 8: The Twenty Thousand Dollar Mistake Hiding in Your Comps
What's a missing basement worth on your next Iowa flip? About twenty thousand dollars, and most investors never see it coming.
Running comps sounds like paperwork. It's actually the whole deal, and most flips that go sideways in the Des Moines metro trace back to one bad assumption buried in the comp sheet.
Most first-time investors pull sales from too far away, or pull comps that don't actually match their subject property, then average anyway. That's how a bad number sneaks past someone who thought they'd done their homework.
Neil and Maggie break down how to pull comps that actually hold…
The skinny
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