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Ambassador
2,364,510
Fred Griffin, on leave of absence from ActiveRain
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
4,579,933
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
3,860,081
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

I'm with Fred Griffin ! LOL!

Jun 02, 2017 05:33 PM
Rainmaker
777,842
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
Ambassador
3,983,773
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

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
942,573
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

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
3,054,229
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Fred Griffin nailed this one!

Jun 03, 2017 06:24 AM
Ambassador
3,448,721
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

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

Jun 02, 2017 08:35 PM
Rainmaker
1,720,261
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
1,847,404
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Getting accurate numbers !

Jun 02, 2017 06:51 PM
Rainmaker
1,020,736
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
Rainmaker
1,371,144
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Getting accurate income and expense numbers from the seller.  

Jun 02, 2017 04:40 PM
Rainmaker
1,040,855
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
4,797,884
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
4,376,558
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Collecting good data.

Jun 03, 2017 10:30 PM
Rainmaker
1,265,262
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
5,511,437
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Learning how to do it.

Jun 03, 2017 12:17 PM
Rainmaker
5,125,640
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for 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
745,835
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
Ambassador
1,614,090
Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

ask an appraiser

Jun 03, 2017 07:33 AM
Rainmaker
2,827,766
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

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

Jun 03, 2017 07:32 AM
Rainer
212,741
Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

Getting accurate income data...

Jun 03, 2017 06:07 AM
Rainmaker
781,828
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
Ambassador
1,656,841
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Finding comps.

Jun 03, 2017 04:57 AM
Rainmaker
3,218,439
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

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

Jun 03, 2017 04:15 AM
Ambassador
4,301,228
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Brian Burkhalter we may not have sufficient comps.

Jun 02, 2017 11:00 PM
Rainmaker
2,486,292
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
1,384,627
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
1,036,474
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
4,432,467
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