realetwitter.com

You need to watch for tricks like these. We stayed at a motel for a week one winter. Unlike sellers of houses, who may cover foundation cracks with plaster, the tricks used by sellers of income properties aren’t about appearance. Paying for repairs off the books, or just avoiding necessary repairs for a year, can dramatically increase the net income. At a .08 capitalization rate, that means the appraisal would come in $562,000 higher than it should have. When we noticed that the lobby and swimming pool were [...] They are about income and expenses.
Bradenton Florida Real Estate

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