Importance of Purchase Price on Return
Asking the question of why buyers should never pay more than appraised value on leveraged property may seem complicated to some,
Appraised Value Pitfalls: 3 Brutal Reasons to Never Overpay for Leveraged Property
Investors who use leverage to produce hefty returns lose out on potential gains when they fail to consider the opportunity costs associated with the additional funds required to cover the shortfall between the appraised and offered prices.