##What is the hardest part of appraising properties using the income approach?

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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

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Ryan Huggins - Thousan...

Thousand Oaks, CA
Thomas J. Nelson, REAL...

La Jolla, CA
Tony and Suzanne Marri...

Scottsdale, AZ
Dennis Swartz

Columbus, OH
Nina Hollander, Broker

Charlotte, NC
Kasey & John Boles

Boise, ID
Debe Maxwell, CRS

Charlotte, NC
Lise Howe

Washington, DC
Ron and Alexandra Seigel

Carpinteria, CA
Dorie Dillard Austin TX

Austin, TX

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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

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Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC
Lise Howe

Washington, DC
Fred Griffin Florida R...

Tallahassee, FL

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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

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4

Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC
Ron and Alexandra Seigel

Carpinteria, CA
Fred Griffin Florida R...

Tallahassee, FL

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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

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Nina Hollander, Broker

Charlotte, NC
Fred Griffin Florida R...

Tallahassee, FL

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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

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Debe Maxwell, CRS

Charlotte, NC

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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

Big Block Realty 858.232.8722 - La Jolla, CA

CEO of Vision Drive Realty - Coastal San Diego

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

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Fred Griffin Florida R...

Tallahassee, FL

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Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Haven Express @ Keller Williams Arizona Realty

Fred Griffin nailed this one!

Jun 03, 2017 06:24 AM

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Fred Griffin Florida R...

Tallahassee, FL

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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

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Fred Griffin Florida R...

Tallahassee, FL

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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

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Debe Maxwell, CRS

Charlotte, NC

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Michael J. Perry

KW Elite - Lancaster, PA

Lancaster, PA Relo Specialist

Getting accurate numbers !

Jun 02, 2017 06:51 PM

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Michael J. Perry

Lancaster, PA

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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

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Debe Maxwell, CRS

Charlotte, NC

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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

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Debe Maxwell, CRS

Charlotte, NC

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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

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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

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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

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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

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Roy Kelley

Retired - Gaithersburg, MD

Learning how to do it.

Jun 03, 2017 12:17 PM

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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

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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

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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

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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

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Dennis Swartz

Full Circle Property Management - Columbus, OH

MBA, GRI...experience counts!

Getting accurate income data...

Jun 03, 2017 06:07 AM

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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

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Joe Pryor

The Virtual Real Estate Team - Oklahoma City, OK

REALTOR® - Oklahoma Investment Properties

Finding comps.

Jun 03, 2017 04:57 AM

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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

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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

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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

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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

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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

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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

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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
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.
I never use that as an investor nor a Realtor. Lenders do on investment properties and then see Fred Griffin
for me it would be starting it at all - I have no experience with this approach
It's all that darn arithmetic Brian. You really gotta know what you're doing.
Getting accurate income and expense numbers from the seller.
This is not something real estate agents have to deal with as we aren't appraiser
that's a great questions for an appraiser and/or a real estate agent who focuses on investment property....
Trying to anticipate rental rates; i.e. knowing the market well and the way it's trending in the area.
# # I do not do appraisals ... I leave that to the licensed appraisers.
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.
I have no idea as I'm not licensed to appraise... ask an appraiser.
Brian Burkhalter Getting all of the financials to do an accurate valuation.
This is commerical appraiser license question. You are studying for RE salesman license on real estate laws.