What happens when the actual rent you collect on an investment property is different than the market rent indicated by the appraiser? As rents rise, this is a common issue for many of my multi-unit or investment property owners. Before you choose to buy or refinance a multi-unit or investment property, let’s talk!
Related Article Title: Actual Rental Income vs. Appraiser’s Current Market Rent Question: My client is refinancing a 2-unit home and occupies one unit. His Schedule E shows $3,600 in monthly rental income, but the appraiser indicated current market rent as $2,500. Which rental amount do I use, the real rent or the current market rent […]