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Evaluation of existing STR
Anyone evaluate an existing short term rental that is listed for sale by owner? The property is appraised for 1/3 less than the selling price but the seller is able to provide evidence of 25% gross yield. Do you take the risk that it’s cash flowing now but property is not evaluated properly? How do you do the math so it’ll work? Or do you not take the risk? How would you look at this investment?
most short term property are appraised for its home value and not much on cash flowing revenues.
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Evaluation of existing STR
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