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Updated about 10 years ago on . Most recent reply

User Stats

53
Posts
2
Votes
Kaz P.
  • Investor
  • Chicago, IL
2
Votes |
53
Posts

Property Evaluation

Kaz P.
  • Investor
  • Chicago, IL
Posted

How can investors find out what the bank paid for the property? I've looked in public records and other sources and haven't gotten a solid answer to help me sleep at night. Insight on this would be greatly appreciated. 

Thank you

Most Popular Reply

User Stats

429
Posts
220
Votes
Leigh C
  • Brooksville, FL
220
Votes |
429
Posts
Leigh C
  • Brooksville, FL
Replied

It doesn't actually make sense.    Base something on current comps and current market trends.    Don't bother trying to figure out what a prior value was once upon a time.   

Whatever someone bought something for is in the past.      Don't judge a cart of apples based on what the seed cost to plant the tree.

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