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Updated about 8 years ago,
Hoping for feedback on calculating potential deals
Hi everyone - Happy New Year! I've resolved in 2017 to actively seek mentorship and guidance more regularly, so I'm putting myself out there and would really appreciate your input.
Is anyone willing to critique the spreadsheet I use to calculate potential buys, or perhaps share their own? It's from Keller's HOLD book which I found to be very inspiring. I'm concerned that it is overly conservative and leading me to pass on just about everything i come across in the Richmond, VA and Philadelphia, PA markets I am particularly interested in. The file is below if anyone is interested. Mainly concerned about estimated expenses (insurance, taxes (1.2% per the city we're interested in), vacancy estimate, property management per quotes received, and small maintenance reserve saved each month).
Thinking it's better to be conservative than not, but don't want to play it so safe on paper that we never move forward with anything.
Appreciate your feedback!