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Updated over 9 years ago,
How to analyze a deal in Hawaii zoned Ag with 2 rental units on it?
Hey BP,
Thanks for reading my post! I am looking at a few properties on Maui, Hawaii but am not sure how to analyze based on comps. One particular property is zoned Agriculture with almost 4 acres of land and has two income producing 2 bd, 1 bath cottages in need of some repairs but habitable. When I try to run comps in the area, the two things that never seem to match evenly are:
1) the land size (too small/ big)
2) Age of the home (too old or recently built in the past 10 years)
How do you estimate or analyze a similar property?
Are there any blogs, posts or other resources on bigger pockets that other investors can recommend?