Can you hide price history on Zillow?
Can you hide price history on Zillow?
You can’t remove it and you will just tell people that the seller tried to do a FSBO and didn’t know how to properly price a home which is why they hired you. A great many buyers DO look at price histories.
How do I find out if a property is undervalued?
The best way to find an undervalued property is by specifically looking out for motivated sellers. You can do this by finding out more about the circumstances of the sale – why is it being sold and the sellers’ circumstances. Try to gauge how motivated they are to get the property off their hands.
Is a higher cap rate better?
Buyers usually want a high cap rate, or the purchase price is low compared to the NOI. But, as stated above, a higher cap rate usually means higher risk and a lower cap rate usually means lower risk. When deciding a good cap rate, make sure you are comparing the same property types in similar areas.
Is a 6 cap rate good?
The 6% cap property may be a good fit for an investor looking for more of a passive and stable investment. It might be in a better location with a better chance of appreciation. The 8% cap property may be a good fit for an investor that’s willing to take more of a gamble and risk.
Is a 10 cap rate good?
For example, professionals purchasing commercial properties might buy at a 4% cap rate in high-demand (and therefore less risky) areas, but hold out for a 10% (or even higher) cap rate in low-demand areas. Generally, 4% to 10% per year is a reasonable range to earn for your investment property.
What does noi mean?
Net Operating Income
What is a good cash on cash return for rental property?
What Is A Good Cash On Cash Return For A Rental Property? There is no specific rule of thumb for those wondering what constitutes a good return rate. There seems to be a consensus amongst investors that a projected cash on cash return between 8 to 12 percent indicates a worthwhile investment.
What is the 1 rule in real estate?
What Is the One Percent Rule? The one percent rule, sometimes stylized as the “1% rule,” is used to determine if the monthly rent earned from a piece of investment property will exceed that property’s monthly mortgage payment.
Can I buy a house just to rent it out?
If you are purchasing a property that you plan to rent out, you’ll be able to profit off your investment as soon as you find tenants. Then you can take the money you earn and reinvest it in your property or use it to pay off other bills and debts.
