Real Estate Math: Mastering The 3 Approaches To Value | Just Call Maggie

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Welcome back to @JustCallMaggie, your go-to destination for all things real estate!
🏡 In this episode, I will guide you through the three essential approaches to value: Sales Comparison Approach, Cost-Depreciation Approach, and the Income Approach. 📈🏗️
Join me as we dive deep into each method, tackling practice questions to ensure you're exam-ready!
🔍 Topics covered:
The 3 Approaches to Value in Real Estate
00:41 - 1) Sales Comparison Approach (Comparable Sales Method) explained
01:36 - Principle of Substitution
02:02 - 🤔 Sample Questions Solved: Real Estate Exam practice question 1
02:29 - 🤔 Sample Questions: Real Estate MATH practice question 1
02:50 - CIA & CBS explained
03:07 - 🤔 Sample Questions Solved: Real Estate MATH practice question 1 explained
04:04 - 🤔 Sample Questions: Real Estate MATH practice question 2
04:48 - 🤔 Sample Questions Solved: Real Estate MATH practice question 2 explained
06:44 - 2) Cost Depreciation Approach (Cost Method) explained
06:57 - Replacement Costs vs Reproduction Costs explained
08:26 - 🤔 Sample Question: Real Estate Exam practice question 2
08:41 - 🤔 Sample Questions: Real Estate Exam MATH practice question 3
09:02 - 🤔 Sample Questions Solved: Real Estate Exam MATH practice question 3 explained
09:38 - 3) Income Approach (Income Method) explained
10:17 - The 2 techniques used in the Income Approach (Direct Capitalization & Gross Multiplier)
10:26 - Direct Capitalization explained
10:45 - 🤔 Sample Questions: Real estate exam MATH practice question 4
11:00 - 🤔 Sample Questions Solved: Real Estate Exam MATH practice question 4 explained
12:00 - 🤔 Sample Questions: Real Estate Exam MATH practice question 5
12:20 - 🤔 Sample Questions Solved: Real Estate Exam MATH practice question 5 explained
14:01 - 🤔 Sample Questions: Real Estate Exam MATH practice question 6
14:24 - 🤔 Sample Questions Solved: Real Estate Exam MATH practice question 6 explained
15:17 - Gross Multiplier explained
15:53 - Gross Rent Multiplier (GRM) formula
16:09 - Gross Income Multiplier (GIM) formula
16:20 - GRM/GIM T-Chart explained
16:51 - Real Estate Math e-workbook "Math Skills for Real Estate Success" explained
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📚 Looking for help with real estate math? Check out my e-workbook, 'Math Skills for Real Estate Success' here: 🧮📘 justcallmaggie.com/product/ma...
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Let's conquer those math questions together! Thanks for joining me on this whirlwind tour of real estate value approaches. Until next time, good luck and happy studying! 🌟
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Опубликовано:

30 июл 2024

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Комментарии : 20

@mikekaram4580 14 дней назад

I love the fact that you take a complicated subject and simplify it in plain understandable English!

@JustCallMaggie 14 дней назад

@@mikekaram4580 nicest comment ever!! Thank you so much. Best of luck to you! 🤓🫶

@nomadeandarilho 5 месяцев назад

Maggie, I’m about to take my state exam and I gotta tell you, I’m so happy I found you two weeks before it. Your classes are so clean, so explanatory, easy to understand and visualize because you use graphs, pictures, animations, etc. math problems are so easy to understand also. Thank you so much I follow prep agent and the wizard as well but you make easier to follow, specially on math problems.👏👏👏👏👏 keep up the good work…I’ll keep following you even after I pass the Illinois estate exam because I’m taking the Florida exam as well.😉😉

@JustCallMaggie 5 месяцев назад

Wow! Thank you so much. That means a lot to me. I appreciate you!! Best of luck to you on your real estate journey. I’m here for you! 🤓🫶

@sharmarin 21 день назад

Hi Maggie thanks for all your help! Question, for the Cost Method why did you use your preferred formula over effective age divided by total economic life multiplied by reproduction cost?

@elenadevilliers1781 8 месяцев назад

This is amazing. So informative

@JustCallMaggie 8 месяцев назад

Thank you. 😊

@tyfigueroa1148 3 месяца назад

So glad I came across your videos. Thank you

@JustCallMaggie 3 месяца назад

Me too! Glad to have you. Thank you for your kind words. Best of luck to you. 🤓🫶

@surlalune28 Месяц назад

Glad I came across your videos. Have been much help! Do you have anything on cost approach examples? Like finding property values?

@JustCallMaggie Месяц назад

This would be the only video regarding approaches to value that I have. Just know the cost approach is used for new construction, libraries, hospitals, govt buildings, etc. basically real estate that does not transfer ownership often. Hope that helps.

@elenadevilliers1781 8 месяцев назад

Can’t wait for today’s lesson

@JustCallMaggie 8 месяцев назад

It’s up and ready to view! Thank you for your support 🤓🫶

@terrie7814 2 месяца назад

Hi, thank you for your content! Beyond helpful. Question on the formula for Cost Depreciation approach? The formula states Effective age divided by total economic life time reproductive cost. Your math indicated the cost divided by total economic life times reproduction cost? I did the formula as recommened and came to the same result 36,000. I realize math can be done in a reverse manor, and I tend to do math at times in a reverse manor lol, but Im trying really hard to understand the steps as opposed to memorizing. Do you recommend the effective age divided by total economic life or your example the estimate cost divided by total economic life? Is one approach easier to remember? Thanks again!

@JustCallMaggie 2 месяца назад

Yes. I feel the formula doesn’t work for my brain and the way I did it is how it makes more sense to me.

@orlandodelatorre7987 5 месяцев назад

Gracias Maggie

@JustCallMaggie 5 месяцев назад

De nada! El placer es mío 🤓🫶

@JustCallMaggie 8 месяцев назад

For more real estate math practice, check out our video all about the T-Chart here -> ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-RHJdrXGKVYs.html

@ne1512blvd 6 месяцев назад

Your videos are great. They are really helping me practice for my upcoming exams. I'd like to suggest to please don't use a moving background image behind the card though. It is hard to watch because it causes dizziness.

@JustCallMaggie 6 месяцев назад

Thank you. Your feedback has been noted.