Should you build or rehab above the comps in the area to push the market value? Or should you match the current market?
We’re not trying to create a kingdom! We’re just trying to make some money. DO NOT TRY TO RESET THE COMPS IN YOUR MARKET by pushing the level of your investment. Don’t be the first person in, but follow closely behind as they push the comps. The best place to be is right behind the highest priced houses. That way, you’re competitively priced and your house is gonna go fast. You’ll make your money and move on to the next deal. So DO NOT TRY TO BOOST THE COMPS IN YOUR MARKET!