Two recommendations. If both properties are single family homes, it should be fairly easy to find the approximate value of the homes by searching nearby sales. Even if the properties are two small multi units it should work (duplex, triplex, etc). If the properties are larger commercial ones such as an office building, apartment, etc then you might want to research the sales psf or cap rates and apply that to your current net income stream. Call the assessor's office and ask what is needed. The website is below.
Jul 16, 2009