|4/15/2020 6:21:02 PM patatty
|Purchased an investment property. We closed on April 15, 2020. It's our first investment property. I'm not sure how to value it, but I listed the appraisal price, even though we paid a lot less than the appraisal. I'd be interested in feedback on how other people factor/measure the value of single family rental properties they own.
|4/16/2020 9:55:11 AM UTex08
|We own one single family rental and update the value of it on our balance sheet each January. We typically use the lesser amount of what Zillow and Redfin value it at.
|4/16/2020 4:10:27 PM patatty
|4/28/2020 9:26:00 AM retire4lyfe
|We own a couple rentals. I never update the values of any of our real estate. I always keep it at our cost basis. Helps when they are sold to know what we have in them without keeping separate records. Yes it probably understates our net worth especially when we have held some of the property for 20+ years. But I would rather reflect a lower net worth than use a guess to value it and it is a guess, you don't know until it is sold..