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Updated almost 2 years ago,
Assessing expenses for deals near Philadelphia
BP gang
I am starting out this year looking to nab my first deal in western suburbs of Philadelphia as well as in gentrifying neighborhoods of Philly. I have my strategy set and calculators warm but struggling to nail down a fast but reliable way to estimate expenses when assessing a lot of potential props. Is 50% rule the best? Is a different % better for this area? Any assistance is much appreciated.
I should also say that I feel I have a good working hold on all the expenses to consider and how in the detailed analysis. Just need the screening approach.
Thanks
cheers
Justin