You have to play in order to win, but if you never get in the game in the first place that in and of itself equals failure.

I would not try and play in the gray on this one - keeo your marketing out of those areas.

Income-based valuation only comes into to play once you get into commercial property (5 units and up). 

🙌 I’ve definitely seen the pros and cons play out in both single-family and multifamily properties in my own journey.

It’s a bit like playing Monopoly but with real addresses and real money.. and when done right, it can feel like unlocking a secret level in the real estate game.But hey, no point pretending it’s all sunshine and roses.

I have been playing the multifamily game for almost 10 years now, and the GRM is one of my least favorite methods personally since it ignores so many important factors (steam boiler versus electric baseboard heat as an example). 

You will learn the cost of maintenance/cap ex and how tenant quality plays a big role.  

I work, live and play in Charlotte, I'm from Asheville, and I've lived in NC for almost 30 years.

Also keep in mind, terms other than price will play a role in getting you offer accepted too.

These are huge when playing on the algorithm.