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Updated about 7 years ago,
Operating Expenses for deals
Happy Holidays Bigger Pocket Members,
First, I am pretty new to real estate game. I have purchased 3 properties and currently have 5 doors but looking to get to 20 doors in the next 18 months. I have tried to follow the rule of thumbs from BP (1% rule, $100 per door, 50% expenses, etc.) Unfortunately, I just can't seem to find deals that are hitting those based on the 50% expenses with PM in there.
So here is where my question comes in. For those with greater experience what range are your typical expenses running in 35, 40, 45, 50 or more. I know it varies based on location and financing, but I am just looking to gather others experience.
Thanks so much in advance,
bart