Land flippers often price by removing county-level outliers, but that misses huge differences between zip codes in the same county. Zoom in to zip codes or you'll misprice deals and miss hot micro-markets.
Chapters
One of the biggest things that I've noticed when, when it comes to people teaching how to price, when it comes to land flipping, they'll just remove outliers from a county as a whole. But when you break it down by zip code, there's so many differences. Like I tell people, think about the county that you live in, right? There are, there's areas that are priced way more expensive, way cheaper, more in demand, less in demand. If we're looking at outliers from a county as a whole, it's going to be a hell of a lot harder to figure that information out. And this is where pricing gets really tricky, right? And that's where people have trouble understanding, like, is this an outlier or not?