All Forum Posts by: Randell Harris

@Dustin Allen

Makes sense to do that.  I did go back to 6 months.  From what I can tell everything else looks all pretty equal except for the age.  HVAC replaced within the last 5 years, electrical upgraded to 200 amp service, updated middle of the road fixtures and flooring.  Do you think using a cost approach formula would work in this scenario by adjusting the comps via increasing the total value of the straight line depreciation by the delta of the age?

How would one go about adjusting a comp for age?  Looking at a property located in Knoxville, TN that is about 30 years older than similar houses in size, bedroom, and baths. 

I have adjusted data to pull older comps  and expanded the radius to include more data.  Any suggestions?

Is there a rule of thumb to adjust for age?

Good morning Tucker,

I'm a new REI living in Knoxville. Would be happy to met up and say hello.

@Andy Young North Knoxville (Halls) as well.

Hi Andy,

Welcome to Knoxville.  I am also a new investor getting started as well.  Would not mind connecting with you.