Asking price and selling price are not the same thing.
Pricing should be informed by recent comparable sales, property condition, location, zoning, lot size, income potential, and buyer demand.
The purchase price is not the only number that matters.
Property taxes, insurance, financing costs, maintenance, repairs, and potential rental income can materially affect the full picture.
Income properties should be evaluated as operating assets.
Look beyond the headline price and consider income, operating expenses, vacancy risk, maintenance needs, financing, and long-term potential.
What does cap rate tell an investor?
Cap rate is one way to compare a property’s net operating income with its value, but it should not be viewed in isolation.
Why zoning matters before you buy.
Zoning may affect use, density, development potential, and the future options available to an owner or investor.
Owning rental property is more than collecting rent.
Good management includes tenant communication, rent collection, maintenance coordination, documentation, expense tracking, and regular oversight.
