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Updated about 10 years ago,

User Stats

17
Posts
2
Votes
George Pappas
Pro Member
  • Real Estate Investor
  • New York
2
Votes |
17
Posts

Analyzing Real Estate Properties When Rental Income Is Not Given

George Pappas
Pro Member
  • Real Estate Investor
  • New York
Posted

Hello All,

I am trying to analyze real estate deals in areas outside of NYC and a lot of the listings on Realtor.com or Zillow.com do not say how much the units in the multi family properties I am interested in, are renting out for.  How could I analyze the property to see if it's a good deal without having that information?  

I started searching craigslist and other websites for rentals in the areas that I am looking for, but since I do not know the areas as well as I should, how can I be sure that a 2 bedroom 1 bath apartment on ABC street should go for the same amount on XYZ street?  Also, even if the listings do have the rental income for the units, how could I tell that it is accurate information?  What do I need to do to get accurate info for my analysis?  

  • George Pappas
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