Excited to find this resource and learn from the community. Getting educated and crunching numbers with a goal of moving on an MFR in Austin in the next 6 months or so. I have good ball-park rules for just about everything I need to estimate cash-flow, ROI, and all the other metrics in my model when I can't get hard data, but not insurance. Any data or suggestions on how I could come up with reasonably decent numbers?
(Still doing whole-market level research, so I'm not at the point where I could call a broker and ask for a quote for every property we're analyzing).
Thanks in advance.
@Ravi P -- thanks! Given that I'm still crunching away on over 60 potential properties, I was really hoping there may be a loose rule of thumb re: a percentage band on total cost and/or per door fees that others had found usually worked in the Austin market. But I appreciate your advice re: conservative ball-parking between 5-10%, I'd been using 5% as a placeholder, so it sounds like I may not have been conservative enough.
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