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In an ideal world it would be easy to determine the value of a 2-4 unit multifamily property. You'd just find three exact properties, located nearby that recently sold and then average their sale prices.In reality it can be difficult to find properties that have the exact…
When an appraiser analyzes a 1-4 unit income producing property - they will typically utilize the Income Approach to inform their opinion of value. This approach looks at the local rental market to determine what the market rent is. They will also use the Gross Rent…
There is a mysterious person working behind the scenes who tells you when you are paying too much for a property. Their title: "THE APPRAISER."

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