State boards require a certain number of CE hours between license renewals. Most online courses are 7 hours, but can be completed in significantly less time than that.
Has anyone ever gotten pushback from their board about the "actual" hours, or does completing a course billed as 7 hours in 4 hours suffice?
I'm working on a property with an auto repair garage and medical office building on the same parcel. Subdivision is extremely unlikely according to the City Planner. Income approach is easy using a blended cap rate, but I've been able to find zero comps with the same two uses.
Doing a separate sales approach for each and combining them feels wrong, especially since I have no comps to base an increase or discount to the combined value on, but I'm not sure what other method would provide a more credible result.
Any suggestions?
What is the difference between an entity that identifies itself as a PE RE company and a typical syndication model? Both buy a piece of RE with a mix of private investor capital and leverage, both have a planned exit time frame, and both either expect the market to appreciate or to add value themselves before the exit.
I don't mean to insult anyone, but I'm unclear what makes one unique.
I was looking at the financials for few CMBS properties on CoStar, and they all include a category for "payroll & benefits" in the operating expenses. This is distinct from management.
I've never included that item, and I haven't seen other appraisers include it either. Is this typical in other markets?