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19
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17
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Carissa Holmes
  • Rental Property Investor
  • Driftwood, TX
17
Votes |
19
Posts

BPs Market Finder Template - median sales price

Carissa Holmes
  • Rental Property Investor
  • Driftwood, TX
Posted

Happy New Year, All!

I've been using the market finder template from BP and holy moly... it seems nearly impossible to find a market in my target areas that will cashflow (even modestly) however, this is when I use the median sales price to determine expenses.  I understand why the template calls for the median but would I be doing myself a disservice if I instead used a number that would reflect the type of deal I am targeting (which is far below the median of the areas)?  TIA!