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2,688,655
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Writing the check for $475 to the appraiser.

Jun 02, 2017 05:02 PM
Rainmaker
5,773,797
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I love Fred Griffin comment.  Perfectly stated.  A

Jun 02, 2017 07:04 PM
Rainmaker
5,130,531
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I'm with Fred Griffin ! LOL!

Jun 02, 2017 05:33 PM
Rainmaker
809,308
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

This is not something real estate agents have to deal with as we aren't appraisers.  Perhaps an appraiser is on AR and can answer, however.  I like Fred Griffin's answer, lol! -Kasey

Jun 02, 2017 09:28 PM
Rainmaker
3,988,063
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I would suspect getting the correct information what the other comparable properties are bring in. Some people don't want to share that personal financial information.

Jun 02, 2017 07:37 PM
Rainmaker
1,581,168
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO
Big Block Realty 858.232.8722 - La Jolla, CA
Serving Coastal San Diego, Veteran's & Seniors

I never use that as an investor nor a Realtor. Lenders do on investment properties and then see Fred Griffin 

Jun 03, 2017 08:15 AM
Rainmaker
3,072,430
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Fred Griffin nailed this one!

Jun 03, 2017 06:24 AM
Ambassador
5,349,770
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Yes, like Fred Griffin - I'm not an appraiser!

Jun 02, 2017 08:35 PM
Rainmaker
2,401,722
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

for me it would be starting it at all - I have no experience with this approach

Jun 02, 2017 07:26 PM
Rainmaker
2,223,437
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Getting accurate numbers !

Jun 02, 2017 06:51 PM
Rainmaker
1,153,799
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

It's all that darn arithmetic Brian. You really gotta know what you're doing.

Jun 02, 2017 04:51 PM
Ambassador
2,235,348
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Getting accurate income and expense numbers from the seller.  

Jun 02, 2017 04:40 PM
Rainmaker
1,045,460
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

This is not something real estate agents have to deal with as we aren't appraiser

Jun 15, 2018 06:48 PM
Rainmaker
4,800,182
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I am not an appraiser.

Jun 04, 2017 04:57 AM
Ambassador
6,529,964
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Collecting good data.

Jun 03, 2017 10:30 PM
Rainmaker
1,519,723
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

This isn't craigslist.  Enough with the f'in pound symbols!

Jun 03, 2017 04:37 PM
Rainmaker
7,985,554
Roy Kelley
Retired - Gaithersburg, MD

Learning how to do it.

Jun 03, 2017 12:17 PM
Rainmaker
5,583,563
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

that's a great questions for an appraiser and/or a real estate agent who focuses on investment property....

Jun 03, 2017 10:04 AM
Rainmaker
909,273
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Trying to anticipate rental rates; i.e. knowing the market well and the way it's trending in the area.

Jun 03, 2017 07:33 AM
Rainmaker
1,618,016
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

ask an appraiser

Jun 03, 2017 07:33 AM
Ambassador
3,377,210
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

# # I do not do appraisals ... I leave that to the licensed appraisers. 

Jun 03, 2017 07:32 AM
Rainer
213,263
Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

Getting accurate income data...

Jun 03, 2017 06:07 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Getting foundational data.

Such data may conflict or support historical data of the property. Owners pocketing cash create their own problems disguised in the words, "I rent at well below market value." 

To stay out of the conflicting goals, it is often best to compel owner to have the property appraised.  Not that it's so hard to do, but simply so a 3rd party contributes to the opinion of value.

Just be aware, if anything goes wrong they always blame the agent.
When things go right, they are the genius.

Jun 03, 2017 05:09 AM
Rainmaker
1,713,276
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Finding comps.

Jun 03, 2017 04:57 AM
Rainmaker
5,181,597
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have no idea as I'm not licensed to appraise... ask an appraiser. 

Jun 03, 2017 04:15 AM
Rainmaker
4,320,722
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Brian Burkhalter we may not have sufficient comps.

Jun 02, 2017 11:00 PM
Rainmaker
2,805,831
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Actually there is no"hard" part using the income approach

Jun 02, 2017 08:42 PM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Brian Burkhalter Getting all of the financials to do an accurate valuation.

Jun 02, 2017 07:20 PM
Rainmaker
1,251,461
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

This is commerical appraiser license question. You are studying for RE salesman license on real estate laws. 

Jun 02, 2017 06:14 PM
Rainmaker
4,434,227
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It is not too hard.

Jun 02, 2017 05:03 PM