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Estimating the Discount for a Busy Street (or Not)

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The Art of Comp Selection One of the trickier home features to account for in a Comparative Market Analysis (“CMA”) is a busy street. For a family with little kids, a busy street may very well be a deal breaker — in which case the discount is theoretically infinite. At the other extreme, an investor looking for a rental property may see the location as a plus: free advertising! Of course, not all busy streets are created equal: depending on how far the home is set back; elevation differences; the individual home’s layout; and even landscaping and other topography, and the noise level/loss of privacy can vary significantly. Two Strategies Faced with so many variables, Realtors and Appraisers can always simply choose an average discount — say , 10% off. Strategy #2? Choose as Comp’s (Comparable Sold Properties) only homes that are also located on busy streets. Even better: the same busy street. Then, there’s no need to make any adjustment, because all the home...
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What are the Best Ways to Invest in Real Estate?

There are many ways to invest in real estate with fix-and-flips, long-term rentals, vacation rentals, REITs, short-term rentals, crowdfunding, nonperforming loans, wholesaling, and your personal residence. I invest in real estate with long-term rentals and house flips, although I also own a real estate brokerage. I love long-term rentals because they offer great returns which continue to pay you as long as you own the property. I also love to flip houses because of the money you can make, and it is a lot of fun to transform old houses into something new. What is considered real estate investing? I The post What are the Best Ways to Invest in Real Estate? appeared first on InvestFourMore . from RSSMix.com Mix ID 8230700 https://ift.tt/2oBTL8t via IFTTT
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Everything I Learned at Stanford Was Wrong (well, almost everything)

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Labor + Capital + Raw Materials = Finished Goods [ Note to Readers : This year, approximately 500,000 high school seniors applied to the Ivy League and highly selective schools like Stanford (my alma mater), MIT, and the University of Chicago. Around 475,000 of them (95%) — including my hard-working, ridiculously talented 18 year-old son — were rejected. The following post is for them — not just as they decide amongst dozens of other stellar colleges and universities ahead of the May 3 deadline, but as they approach their undergraduate studies the next four years.] I spent four years learning economics at Stanford. I’ve spent (going on) the last forty years unlearning it. It’s not that Stanford failed me. It turns out that the entire field of modern economics was built upon not one but two outmoded ideas, if not conceptual San Andreas faults. It’s All Software Now Fundamental flaw #1 was economists’ presumption that people are utility-maximizing, rational actors. Unh-unh....
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