Price Calculation
Has anyone heard of using 45/85 as a method of calculating a fair price range for an income property? i.e 45 X annual income for lower end of range and 85 X annual income for high end of range. What is a good, quick calculation to tell if a property is a good deal to spend time doing more in depth calculations?
Thanks for the information. Looking at a 12 unit complex tonight. Wish me luck!
Let us know how it goes/went with the 12 unit apartment complex!!!!
Good Luck!
[addsig]