Philly Market High Level
I started investing at the beginning of 2021. I've done a few deals but feel like i'm missing opportunities because there is still a lot I don't understand. It's easy to see what investors are paying for properties but I need a better fine tuned formula for the Philly market. Are people using 70% ARV minus repairs here or is it very neighborhood specific? Also, I know philly is street by street so I use a .1 mile radius. Is that to conservative? Lastly I use 100-110 a square foot for repairs for full guts in a lot of neighborhoods but i'm doing a gut in port richmond that is much less than that.