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Hey Moguls – it’s Jamel Gibbs here bringing you a lesson that could greatly increase your profit margin. It has to do with running – and understanding – the comps.
Comps refers to comparable properties in the area to which you can compare the property you’re trying to sell, so you can price your property correctly.
This is not an area that you should just breeze over. The fact is, if you don’t know how to analyze a deal by using comps to make good offers, you could wind up paying too much for a property. If that becomes a pattern, your business is not going to be successful. (Read: profitable.)
Look, this isn’t rocket science, so if you’ve been shying away from learning about comps, I’m going to make it very simple for you.
A couple of the resources I’ll be using are:
1. RealQuest
2.
Jamel Gibbs
is also a mentor for other real estate investors helping them to achieve their goals. He is the owner of Mill Street Properties LLC and he invests in real estate all over the United States. Jamel's skills and drive were the winning combination to develop his efforts into a repeatable system. This system is now making him as well as many others tons of money.