When there are no 'comparables', due to the Economy...how do you appraise value?

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In a position to buy out a partner in a beach/rental investment.
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January 13 2009 - Myrtle Beach
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Answers (1)

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In buying out your partner I would suggest having a professional appraisal done.  They can compare this property to other similar properties that have sold for comparables.  Since this is an income property the income creates a value.  The rate of return on the net operating income of the property will equate to a value that an investor would be willing to pay. 
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January 13 2009
 

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