We started TheMonopolyProject (TMP) in March of 2019 with a check for $100,000. That check was deposited into a dedicated checking account. In June of 2019 we bought our first house on Valencia. So, we calculate the total value of TMP, the equity, as the sum of the money in the bank account plus the estimated value of the house minus any loans. We use the arithmetic average of three house value websites: Redfin.com, Zillow.com, and Realtor.com
TOTAL EQUITY of TMP = ‘TMP Bank Account’ + ‘TMP SHF – estimated equity’
In January of 2021 we formed a partnership with our realtor Jeff, “Just Jeff” and have since bought two houses with him as TheMonopolyProjectTwo (TMP2). We use the same calculation for that dedicated bank account and the arithmetic average of each house except we divide by two to account for the 50/50 ownership.
TOTAL EQUITY of TMP = ‘TMP Bank Account’ + ‘TMP SHF – estimated equity’ + ‘TMP2 Bank Account’/2 + ‘TMP2 SHFs – estimated equity’/2
Our initial $100,000 has grown to over $300,000!
But we have seen the downturn in property values. At the peak, TMP was at $360K. We are almost back to there now, about to $352K.
