Thoughts on appreciation properties in west and south west philly

[Buyan Thyagarajan]

Hi Guys,

I have been trying to find some deals in west and south west philly around 19139, 19143. The prices are very high for a 3b 1bath property and for brrr deals, it is like 20 to 30k money left in the deal after rehab we are seeing. I am looking at a strategy of recouping the costs with an appreciation value in 3 to 5 years. Is there any resources that can predict future appreciation by zipcodes that you guys use? How do you guys make decisions on deals where the costs for acquisition is said 110k, rehab is 30k and ARV is around 150k for a lighter rehab and a flip rehab it is 190k? For me, it is a buy and hold strategy and I am torn on the rehab costs determination and how much money should I leave in the deal?