Real estate appraisal for rental properties isn’t the same as for single family homes. If you were looking at a 24-unit building, it would be difficult to find similar ones nearby that have recently sold. Therefore, a market analysis using comparable sales isn’t normally used.It is also not ideal to use replacement costs either. How [...]
Posted under rental properties by admin 04.01.2012
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Rental properties are an excellent source of investment property. Many people choose to purchase apartment buildings, condominiums or homes that they rent to other people. The investor can either gain income from the rent received, or use the rent to pay the mortgage on the property.Mortgage lenders usually require a larger down payment when mortgaging [...]
Posted under rental properties by admin 26.09.2011
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