Watch Me Comp a Property in Illinois
Hey everyone! In today’s video, I’m walking you through how to evaluate a pretty challenging property—a fire-damaged home that’s missing its roof and might seem like a total loss. But don’t worry, I’m here to show you that even a house like this can have potential if you know how to properly assess its value.
I’ll be sharing how to find and compare similar properties, or "comps," so you can figure out what this kind of home is really worth. After considering things like size, condition, and the current market, we decided on a $50K offer for this one—an amount that could turn into a smart investment with the right approach. Learning to evaluate fire-damaged or distressed properties like this is a valuable skill that can really pay off in the real estate world.
If you’re looking to get better at comping properties, this video is perfect for you! I’ll also introduce you to one of the top tools in the real estate business that makes the whole process so much easier. So, make sure to watch and start sharpening your property evaluation skills today.
#realestateinvesting #wholesalerealestate #jamildamji
As always, I appreciate each one of you guys for joining me on this YouTube journey. The goal is to hit 100k subscribers! You can help me out by liking the video and sharing it with a friend if you found it helpful.
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