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Podcast: STRonomics
Episode: Buying & Selling BnB's Based on Revenue
Description: Bill and Kenny highlights the importance of buying properties based on their intrinsic value rather than inflated revenue figures. Kenny Bedwell criticizes realtors who sell properties based on gross income rather than actual value and cautions against over-reliance on revenue projections. They stress that banks do not view single-family homes as commercial assets and will not provide loans based on cap rates. Faith and Bedwell advise potential investors to base their decisions on comparable market values and to be realistic about their revenue projections. They also discuss the risks of Black Swan events, such as natural disasters, affecting property...