Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Real Estate Practice : Lesson 184
                                                          
When an appraiser is using an income approach to value mortgage payments are generally figured in as part of the property's operating expenses.
Is this fact true or false ?
Please take your time. The solution is posted below the wildlife photo.

A. False
Mortgage payments are not considered to be operating expenses by the appraiser when using the income approach to value.
Mortgage payments are the property's existing debt service.

 
 
... more

__________________________________________________
Are you on The Rain? Grow Your Network!