Jan
10
Subtract all expenses, but not including [...] This
January 10, 2010 |
Subtract all expenses, but not including [...] This is used as a secondary method, though, and can tell you if maybe you should be building instead of buying. If these provide $6,000 of the income, that would add $75,000 to the appraised value (.08 cap rate). Start with the gross income. To learn more, and to see a photo of a beautiful home he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com Another thing smart investors do when buying, is to separate out income from vending machines and laundry machines.
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