As a real estate agent, I run comps every day. The only problem I see with the advice in this video is that if you followed it to a T, you would have no comps. If your criteria was - same subdivision, within 200 sq ft, same style of house, built within 5 years of the subject property, sold within the past 6 months, you're search results will likely yield Zero. When you arrive at Zero results, there is no other choice but to loosen these criteria. You have to start expanding in time, geography, style, size, age, etc....
Okay Jamil. I watched, I took notes annnnd listening again as I write this comment. I just found you and Pace 3 months ago, and I’m consuming everything I can! Pace brought me “onstage” in last Elephant Challenge because I made my first phone call! Then I ran out the door for first Keyglee meetup and met Pace in person and you handed me the mic. to ask the panel a question. Anyone reading this; These guys have created the most amazing community and there are no words to describe it! You have to experience it!! PS Jamil, just send the $500 my way. REI has been a lifelong dream and never thought possible. At 66yo I am going to DO IT with hard work and the support of this community!!!
Jamil your comping skills and your dedication to your craft is unprecedented… I have not met many people like you … I’m blessed to have known you … Please stay humble and honest … We all really appreciate it you
I watched this as soon as it was posted but did not comment. This came at the right time because i was questioning my comping I finished the video and came out of it with so much clarity.
Jamil always dropping GEMSSSS appreciate everything you do for the wholesaling community!! Every single wholesaler should have to watch this video 10 times so their numbers are on point! love you bro
Always a pleasure to watch your training, Jamil. You present the information simply and clearly and leave your students with tools to confidentiality take action. Thank you 😊
Thank you Jamil, my wife has a hard time comping. The biggest struggle for people I know is no comps near by, rural area and land deals. Hotline viewer
Thank you so much for the shout out on Hotline to come over and watch this video. CRITICAL info you shared in this. Thanks for always sharing so much knowledge and wisdom of the industry. You, Pace, BP/Brandon/David, Brent, Jerry, Leila, Matt, Cody... ALL PHENOMENAL! Just put an offer in on my first flip thanks to you all! Ready for a big game change!
Knowing how to comp is sooooooo important. I literally have sent Jamils original comp like a pro video to realtors to explain how we come up with our numbers. Thanks for refining it @jamil damji. Now I have to send them this one. Lol.
Thank you Jamil for a thorough walkthrough of each rule. I hadn’t heard of the last three rules, although the first four were very familiar. You made it where any of the viewers could understand how to comp like a pro. This hotline viewer really paid attention
So for the square footage of you have a property that’s more than 200sqft apart do you adjust an additional 10k per 100or 200sqft? Or can you not use that at all?
great explanation of the rules...now where is the real video of how to run comps? people need more direction and a realtime video showing a few examples would be great!!!
I needed this info sooo baaadddly! Thanks Jamil for bringing such great value!! Maybe do a video next on what to do if there are no good comps (i.e., when it is more than 6mth old, more than 1 mile away, not in the same subdivision, crosses a major road/hwy, more than 200 sqft, etc, etc).
This is a great video, especially since there are so many gray areas and details. A big challenge people will face following this exactly, is it is not always possible to get sales that are this close in details within a 90 day period - within 200 sqft, age, updates, etc. If only it was this easy! I do love your breakdown of additional costs for extra bedrooms, pool, garage, etc. This is so helpful. Being able to adjust these especially in neighborhoods with low turnover rates that do not have many nearby comps let alone any recently sold homes.
Great advice! I have found that for one off situations appraisers can still count the sqft of a basement as above grade ONLY if the entry level is more below grade than the walk out basement. As is the case on occasion for houses built into a hill. That said if the main level is less below grade the 50% rule will apply ONLY if they are built to the same quality as the main level. I had an appraisal this year where this was the case, but it was also a lake house property with a supporting comp that was also built into the hill that counted the square footage of the basement. Comps are hard.
Your first comping video was revolutionary. This is a game changer. If everyone studied this they will be master underwriters and be wholesaling badasses. Thank you @jamildamji for sharing your love and wisdom.
Was sent over from the hotline podcast. Was gonna ask you for that being a badass book but figured I'd support the algorithm and go get my knowledge on here first.
Very good video and I agree with all of these parameters and guidelines. We are seeing this formula in the Metro Detroit market as well and I break down property ARV and comps exactly like this!
Heard this video from hotline. We are new Astro student and love all these info to help us starting our business. Thanks Jamil! Your videos are always great and helpful! Love your passion!
What if there are no relevant comps within that subdivision or what would be an alternative for that.I always hear sometimes you may have to go a mile out of there aren’t any comps near. Or if everything else matches up but the subdivision doesn’t have any built within 5 years….
1 mile radius is generally acceptable, comps are not an exact science, as long as you are still within the same zip code or nearby, it should be fine. Comps are great as a general guide to ballpark if your property value is within market range. The final price is subjective on where the buyer and seller meet on. Accurate cash flow analysis is more detrimental to the success of your investment than overpaying or underpaying for a property by 5%.
Hotline viewer! Thank you so much for all the value you guys provide, super helpful, already taking Accion with everything I've learned from you guys!! 🔥🔥🔥🔥🔥
Jamil, that was Jamazing! Lol. I'm sharing this with my team and inexperienced wholesalers I meet. Btw, I heard you reference this podcast in your live Q&A with Pace and Brent. Thanks!
✨Hotline viewer!!✨ Thank you Jamil for making such a great video for new investors to really understand true value and continuously giving the knowledge to push forward in the investing industry. Rule #8 is one that even many experienced individuals in the business and in real estate are not aware of so it’s great to get such in depth insight from someone like you! Thanks for all that you do!
My spirit brother! Always bringing the value. I had always heard pools lowered value so I’m glad you cleared that up. Also are daylight basements the same or is that just considered standard SF?
Not sure about the basements but pools can decrease value. It depends on the market you are in. For example in places like Arizona, a pool is going to add value. Here where I am in NC we often fill them in when doing a rehab because they often end up costing owners more in the long run for a pool they can only comfortably swim in for one month out of the year without having controlled heat.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
As a real estate agent, I run comps every day. The only problem I see with the advice in this video is that if you followed it to a T, you would have no comps. If your criteria was - same subdivision, within 200 sq ft, same style of house, built within 5 years of the subject property, sold within the past 6 months, you're search results will likely yield Zero. When you arrive at Zero results, there is no other choice but to loosen these criteria. You have to start expanding in time, geography, style, size, age, etc....
What is your best advice to find the most accurate comps
This is what I was thinking as well, so what factors should be given up first? Or what comp rules should you omit first?
@@sonofZeruiahthanks
Realtor here as well. I was thinking the exact same thing.
Good info too
Okay Jamil. I watched, I took notes annnnd listening again as I write this comment. I just found you and Pace 3 months ago, and I’m consuming everything I can! Pace brought me “onstage” in last Elephant Challenge because I made my first phone call! Then I ran out the door for first Keyglee meetup and met Pace in person and you handed me the mic. to ask the panel a question.
Anyone reading this; These guys have created the most amazing community and there are no words to describe it! You have to experience it!!
PS Jamil, just send the $500 my way. REI has been a lifelong dream and never thought possible. At 66yo I am going to DO IT with hard work and the support of this community!!!
Jamil your comping skills and your dedication to your craft is unprecedented… I have not met many people like you … I’m blessed to have known you … Please stay humble and honest … We all really appreciate it you
Best video on comps !
I watched this as soon as it was posted but did not comment. This came at the right time because i was questioning my comping I finished the video and came out of it with so much clarity.
Jamil always dropping GEMSSSS appreciate everything you do for the wholesaling community!! Every single wholesaler should have to watch this video 10 times so their numbers are on point! love you bro
Always a pleasure to watch your training, Jamil. You present the information simply and clearly and leave your students with tools to confidentiality take action. Thank you 😊
Hotline Viewer. Comps are so important and no one teaches it better than you Jamil. Thank you for updating this according to the new market!
This is a keeper. Thanks Jamil! SQUAD UP! SQUAD UP! SQUAD UP!
Let’s go Donna!
Thank you Jamil for always educating us! Nobody comps better than the man, the myth, the legend himself Jamil Damji 🙌 ❤
Thank you Jamil, my wife has a hard time comping.
The biggest struggle for people I know is no comps near by, rural area and land deals.
Hotline viewer
Thank you so much for the shout out on Hotline to come over and watch this video. CRITICAL info you shared in this. Thanks for always sharing so much knowledge and wisdom of the industry. You, Pace, BP/Brandon/David, Brent, Jerry, Leila, Matt, Cody... ALL PHENOMENAL! Just put an offer in on my first flip thanks to you all! Ready for a big game change!
Knowing how to comp is sooooooo important. I literally have sent Jamils original comp like a pro video to realtors to explain how we come up with our numbers. Thanks for refining it @jamil damji. Now I have to send them this one. Lol.
Thank you Jamil for a thorough walkthrough of each rule. I hadn’t heard of the last three rules, although the first four were very familiar. You made it where any of the viewers could understand how to comp like a pro. This hotline viewer really paid attention
So for the square footage of you have a property that’s more than 200sqft apart do you adjust an additional 10k per 100or 200sqft? Or can you not use that at all?
Thank you, Jamil. That was absolute gold.
Love your teaching style. I feel like I got a real estate, construction, and history course all at once!
And retained it too!
Jamil your a comp master. we are so lucky to have you thank you my guy...apples to apples
Incredibly informative. Jamil is an expert in this business and continues to share valuable knowledge with the community. Thank you!
I love that there was a little more info than a previous video, but all the information was so consistent. Great video
This dude knows his stuff !!! Listen to this dude and you won’t lose money
The information in this video is priceless. Thank you so much Jamil for always providing great value. # Hotline # SquadUp
*Wholesale watcher!!
Thanks for this Jamil!! You’re such an incredible leader in our industry! 🙏 thank you 🙏
great explanation of the rules...now where is the real video of how to run comps? people need more direction and a realtime video showing a few examples would be great!!!
Squad up!! Amazing content. Forever valuable!! Thank you.
Let’s go Daniel!
I needed this info sooo baaadddly! Thanks Jamil for bringing such great value!! Maybe do a video next on what to do if there are no good comps (i.e., when it is more than 6mth old, more than 1 mile away, not in the same subdivision, crosses a major road/hwy, more than 200 sqft, etc, etc).
This is a great subject matter!
Great information JD. We were unaware of the 50% value added to additional dwelling footage. Thx for sharing again Brother. DRS in the DMV area.
another awesome video jamil. wholesale hotline viewer. squad the f up. lets go.
This is a Game Changer Jamil, Wow So Simple and To the point, A refreasher to the other comping on your Channel, Thank You Jamil!!
Hotline viewer! Thank you Jamil for all the Value you share!
Hotline viewer! Jamil is the comp king!
This is a great video, especially since there are so many gray areas and details. A big challenge people will face following this exactly, is it is not always possible to get sales that are this close in details within a 90 day period - within 200 sqft, age, updates, etc. If only it was this easy! I do love your breakdown of additional costs for extra bedrooms, pool, garage, etc. This is so helpful.
Being able to adjust these especially in neighborhoods with low turnover rates that do not have many nearby comps let alone any recently sold homes.
THANK YOU FOR KEEPING IT BARNEY STYLE JAMIL!!!! THIS WAS A GAME CHANGER..
Great advice! I have found that for one off situations appraisers can still count the sqft of a basement as above grade ONLY if the entry level is more below grade than the walk out basement. As is the case on occasion for houses built into a hill. That said if the main level is less below grade the 50% rule will apply ONLY if they are built to the same quality as the main level. I had an appraisal this year where this was the case, but it was also a lake house property with a supporting comp that was also built into the hill that counted the square footage of the basement. Comps are hard.
King of comping. Very helpful 👌
Comping is essential! Best community ever! Best advice....best value. .. best everything! Squad up and do deals
Your first comping video was revolutionary. This is a game changer. If everyone studied this they will be master underwriters and be wholesaling badasses. Thank you @jamildamji for sharing your love and wisdom.
Was sent over from the hotline podcast. Was gonna ask you for that being a badass book but figured I'd support the algorithm and go get my knowledge on here first.
Very good video and I agree with all of these parameters and guidelines. We are seeing this formula in the Metro Detroit market as well and I break down property ARV and comps exactly like this!
Great one Jamil, love it! Simple and powerful!!! Thank you Jamil. 🙏🏾
Coming from WHOLESALE HOTLINE.. Jamil showed me the that there’s a will and comping like him IS the way !
Wholesale Hotline, Squad up y'all, I love clarity you share for comping and especially for the shifting market. Love it! Astro style!!
That is a fantastic breakdown. Thank you Jamil.
Best channel hands down
Thks Jamil.... consistent hotline viewer N action taker.....
love you Jamil you give me a better picture in this crazy market
Needed this update! Best comp-er in the game!
Hotline! Great JD! Thanks. Awesome video
This is an excellent video…very helpful.
Heard this video from hotline. We are new Astro student and love all these info to help us starting our business. Thanks Jamil! Your videos are always great and helpful! Love your passion!
Thank you ! So much gems 💎 dropped
This helped sooooo much. I appreciate your channel . Thank you .
What if there are no relevant comps within that subdivision or what would be an alternative for that.I always hear sometimes you may have to go a mile out of there aren’t any comps near. Or if everything else matches up but the subdivision doesn’t have any built within 5 years….
1 mile radius is generally acceptable, comps are not an exact science, as long as you are still within the same zip code or nearby, it should be fine. Comps are great as a general guide to ballpark if your property value is within market range. The final price is subjective on where the buyer and seller meet on. Accurate cash flow analysis is more detrimental to the success of your investment than overpaying or underpaying for a property by 5%.
@@Plexerrwhat does accurate cash flow analysis imply?
The comping pro! Thanks for the info Jamil!
Amazing information, thank you 🙏
Whew thank you bc I looked at house today that had a pool!! Appreciate you JD❤
Great review Jamil. Thank you for the information.
Hi Jamil - this was so helpful and thorough - and so well explained - now to put it into practice - Thank you!!
What kind of camera gear are you using?
- Mic
- Headset
- DSLR?
Thanks in advance!
I just had to comment…. That was an excellent video… well done
This is really good! Very helpful ! I am
A new agent learning all the things
This is his best video, that I’ve seen. NO shenanigans and extra talk.
This is great Jamil! Very informative. Thank you!
This is great Jamil! Love all that you do!
SUPER VALUABLE CONTENT. THANK YOU.
Hotline!!! Let’s go!!!
Thank you Jamil, plain and simple!
Very valuable info for me as a Realtor and investor .
Thank you!!
Thanks for sharing, Jamil! Wholesale Hotline!!
What if you want to tear a property down and build a new one. What are the extra considerations when doing a comparison.
🔥 best way to Comp! Thank you for the value!
Thank you for all the information! You explained things very clearly !
Hotline viewer! Thank you so much for all the value you guys provide, super helpful, already taking Accion with everything I've learned from you guys!! 🔥🔥🔥🔥🔥
What do you mean by don’t use Comps that are more than 6months? Not so clear on what this mean, pretty new to this
Jamil, that was Jamazing! Lol. I'm sharing this with my team and inexperienced wholesalers I meet. Btw, I heard you reference this podcast in your live Q&A with Pace and Brent. Thanks!
Great explanation... that's a pro bro
Wholesale Hotline Rocks!!
So glad I'm with you guys!!!
The Comp GGGG!!!!! 🔥🔥🔥 Hotline viewer here. Let's GO!
Thanks Jamil for this well explained Comp Rules!! So I understand them now for sure! True Go Giver
Brilliant!! One of the best Bigger Pockets!!
Very helpful. Thank you!
1. Thank you for ALL your great information, Jamil! 👍
Thank you so much!! So well defined!!
Instant Favorite!
Excellent training
Great video. Thank you
✨Hotline viewer!!✨ Thank you Jamil for making such a great video for new investors to really understand true value and continuously giving the knowledge to push forward in the investing industry. Rule #8 is one that even many experienced individuals in the business and in real estate are not aware of so it’s great to get such in depth insight from someone like you! Thanks for all that you do!
Great and very helpful information! Thanks so much!
hotline ....awesome info 🚀🚀🚀
So many gems! Are these rules nation wide?
Wow..thank you for this.
very helpful!! Thank you Jamil!!
EXCELLENT------THANK YOU
Squad up!! Hotline deal!
My spirit brother! Always bringing the value. I had always heard pools lowered value so I’m glad you cleared that up. Also are daylight basements the same or is that just considered standard SF?
Not sure about the basements but pools can decrease value. It depends on the market you are in. For example in places like Arizona, a pool is going to add value. Here where I am in NC we often fill them in when doing a rehab because they often end up costing owners more in the long run for a pool they can only comfortably swim in for one month out of the year without having controlled heat.
Thank you for the video Jamil! HOTLINE!
Jamil, you always provide so much value! I love how much info you give out, it has really helped me as a beginner!
Thanks Jamil.
Such an awesome video!!!
No wonder pace loves you!
YOU ARE SINSAI JAMIL!! THANKS FOR GIVING US NINJA TURTLES THE OOZE💪🏽💪🏽💪🏽💯