High prices on properties shouldn't scare off real estate investors, says John Chang, Senior Vice President and National Director Research Services at Marcus & Millichap in a video.
"Just because the price of a piece of property has risen dramatically does not mean its value cannot and will not continue to rise," said Chang.
What matters, said the Marcus & Millichap expert, is the purchase price today, cash needed to buy, rates and terms for a loan, cash flow today, cash flow in the future and price at time of sale.
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