Do you know your net worth? It's not that hard to calculate.

One of our Goddesses asked if she can include her Cryptocurrency in her net worth. Another asked if her car can be included.

The answer is Yes! You can include those things in your net worth calculation, along with a lot of things you probably hadn't thought about.

Your net worth is the value of your assets (what you own) minus your liabilities (what you owe).

An asset is anything you have that has significant value. Here are the assets you can include in your net worth calculation:

• Properties (residence*, vacation homes, investment properties)
• Furnishings
• Cars and other vehicles
• Art, jewelry, and other valuable possessions
• Investments -- stocks, bonds, etc.
• Equity value of investments in syndications ( This value usually rises, the longer you are in a deal!
• Businesses you own or have an ownership interest in
• Cash (savings accounts, checking accounts, CDs, Crypto accounts)
• Retirement Accounts, College Funds, He
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There are 3 important aspects of a property you need to evaluate… These are the same for almost every investment property.  

Physical Characteristics

The first aspect of a property is its physical characteristics.  This includes things like:

• square footage
• number of units/rooms/bathrooms/etc.
• amenities (stainless steel appliances, gym, pool, etc)
• architecture
• class of property
• property condition
• location, etc.

 
The size, characteristics, and location will determine who wants to be your tenant, how much they’re willing to pay, what kind of appreciation you’ll be able to get.  When you’re assessing a property you want to consider all of these characteristics and what it means for your rental price.  

You will also want to assess how you could improve the property to its highest and best use or to get the highest and best rents.  Sometimes the best investment property is one that is not in the best shape when you buy it but can be relatively easily improved to get great ren...