“I’m looking to buy a duplex, triplex or fourplex. All the foreclosure properties are vacant but several show projected rents. How accurate are they?”
Answer:
Beware of projected rents, my friend.
Some are guesses, some are educated and honest projections, and some are gross exaggerations.
Best that you independently verify by asking a property manager, checking Zilpy.com (thanks again Bill), trying Craigslist.com, or any other objective source.
Good luck.
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