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Few investors really know how to determine the most they should pay for any property, most investors are just guessing. The problem I’m seeing is a total lack of education about how to determine how much to pay for any property. This is very disturbing to me as I know paying too much steals the investors profits.
Another reason I believe, is some investors lack the knowledge to accurately calculate the numbers because, number one, they don’t know what numbers to look for, and this is why they don’t know how much they should pay for any property.
Let me remind you to always examine every property before you ever make an offer to purchase it.