WORKSKEET: Property Value
For real estate investors, value and worth are two very different concepts. The amount a property is worth is not always the same amount as its market value. In order to make money in this business, you have to know how to determine the value of any property. A seller will always tell you what the property is worth. But you need to understand how to calculate the actual market value of a property from an investor’s perspective so you know how much you can pay for a property and still make a handsome profit. Let’s look at a hypothetical property.