cant find comps

[Danny Woodson]

what do i do if i can not find comps for a multifamily? how am i supposed to estimate the what its resale is?

[Devan Mcclish]

@Danny Woodson

 Good thing about multifamily is you can use the income approach (cap rate) to get a ballpark figure. I understand that 2-4 family dwellings are comp approach. However, investors are the ones buying these things, so if you have access to mls, look at what everything is being rented for and what cap rate they are selling at. That should give you a rough estimate