Calculating the value of a lot
Hi everyone; I had the pleasure of hearing Bruce Norris (A famous California investor) speak yesterday, and he mentioned something very interesting about land values. He said running a cost analysis of them, there are a lot of deeply undervalued lots right now. Someone asked how he values land and he quickly mentioned it has to doing with various building costs that you subtract from the FMV of a new construction until you get to the residual land value.
Anyone know a good book or course that teaches this in depth?