How do you estimate the market values of foreclosed properties? This is one of the many questions I answered when I was interviewed by brother Bo Sanchez (plus bonus tip).
The method I shared in this video is called the “Market Approach” where the selling price of very similar properties in the same location that are for sale (better if recently sold) should be close to the market value of your target property.
Another method is called the “Replacement Cost Approach” which I discussed in the following video:
I featured this clip in its own video since a lot of people keep asking me the same question.
If you want to watch the whole video when I was interviewed by brother Bo Sanchez, here’s a link:
- Video – Success Live with Brother Bo Sanchez (How I got started with real estate investing plus Q and A)
I’ll continue sharing more videos like this (I have very limited time to make new videos since I am at the hospital most of the time taking care of my mom).
Thanks again to everyone who have been suggesting topics for my next videos.
Let me know what video you want next with regard to real estate investing/foreclosed properties. Just go to the comments section below, thanks in advance!
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