Summary & Conclusions
You probably
already knew that valuation of a property being considered for purchase is
an important component of the selection process. You probably now know
that it can be a difficult task, particularly when a complex property is
under consideration. However, spending even 100 hours doing
investigation and analysis that saves you $10,000 -- e.g., because you
determined the proper cap rate or calculated a realistic NOI or properly
analyzed the comparables -- means that you earned $100 per hour for you
time. Can you make this hourly rate doing anything else? For
large properties, it is not unusual that the listed price might be many tens
of thousands over value. And those savings are just for the front-end
work. Buying the property at the right price can also mean significant
additional profits during the period of ownership.
Understanding the valuation
process and becoming comfortable with applying the appropriate methods is an
important component of successful real estate investment. There are
also many other areas of investment and management that are important for
the owner of income property.
Your RHOL membership provides you with access
to the information and tools necessary for becoming a knowledgeable investor
and efficient landlord. Services provided by RHOL for members include:
- Instant credit reports from the Web 1
- Forms & Agreements - downloadable and
many editable Word and/or Fillable PDF 1
- Forums, e-mail, phone - get help with
specific problems 2
- Web based instruction via e-courses 1
- State landlord-tenant laws 1
- VacancyList web and Haves & Wants web
- Pages that discuss subjects from Abandonment
to Zoning 3
- Available ONLY to Members
- ONLY Members are eligible for personal
e-mail and phone help. Help via the Members-ONLY Support Forum
has priority over other forums
- Many pages are available to ONLY Members
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