Now that June 2020 is completed, TMP is comfortably in second place in “The Financial League”.
‘Gold’ extended it’s First Place lead by gaining another $3,500 this month during the COVID19 and now riot era.
TheMonopolyProject retained 2nd place with an incremental loss of $200.
Here’s the last six months:
TheMonopolyProject formula for TOTAL EQUITY is:
TOTAL EQUITY of TMP = ‘Bank Account’ + ‘1 SHF – estimated equity’ = $112,355
How did we get to the ‘REO Owned Estimate of Equity’ of $54,012 for the month of June?
We used the arithmetic average of three websites (Redfin, Zillow, Realtor.com) that estimate home values.
The Redfin and Zillow estimate increased this month.
But note that the Realtor estimate is still below the purchase price!? Do you believe that?