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Updated about 7 years ago,
Initial Property Expense Analysis
Hi,
I am a new real estate investor and I am a little confused when it comes to doing an initial property analysis for expenses on a property I find on the internet. I know what to throw into the expense analysis, but I am a little confused on how to get a estimate for repairs and capital expenditures without actually seeing the property in person, or having an inspector go through it. I want to practice analyzing properties but I keep getting held up on what numbers to use to get the most accurate analysis. Also, I could use some advise on estimating utilities.
Thanks for taking the time to help out.
-Steve