Expected Value

Expected Value is a mathematical term used in probability and statistics to determine what a typical value might be. For a more detailed definition and discussion, check out wikipedia’s article. Here’s how I use it with the Real Estate Financial Planner™ software to model my own real estate investments. First, I model my entire real estate investing strategy by entering it in the software. See the How to Create a Real Estate Financial Plan™ post to get a good tutorial on how to enter in your own real estate investing strategy. When I do my modeling I do include things … Read more