Determining Market Value in 2020???

[Aaron Macken]

Hey Investors,

I'm looking to make some offers on homes in the Kenosha area pretty soon. One thing I was wondering is how do you all determine the true value of a home when home prices have appreciated drastically this past year? For example, I see some homes that originally sold for $40k, now asking $140k...

Ultimately, I know what to look for when it comes to making sure the property cash flows. I'm just not sure how to determine the true price of a home when the numbers have shifted so much.

What are your thoughts on this?

P.S. if you're in the WI / IL area, feel free to reach out to me and chat, always looking to build my network :)