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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (14828)	11/6/2003 2:11:08 AM
From: David Jones	Respond to of 306849

qt...Income Approach--based on the capitalization of income and productivity, often called the income or economic approach to value. Used mostly with income-producing properties such as apartment buildings.... That's how the appraisal was done on a split I done last year. Two units, one tax number, 1.6 times the actual income from one unit plus projected income on the unit I was occupying gave a final estimated value. I had this done in 97 a few months after I purchased it. Story is it had one tax number but two parcel numbers 'APN #'s'. I recovered the second tax number adjusted the property line and sold the lessor of the two. More or less a sub division. My broker was instrumental in getting a title company to take the work. I had a company that said for more than a year they would take it but at that time they had easier money to make so blew me off. And no one else gave me the time of day when I described the venture. I post because I ran across the appraisals just awhile ago digging through some deeds so I can square up some info with assessor. Small world I suppose.