All Forum Posts by: Phillip Poyhonen

Thanks so much, Wes! All your analysis is greatly appreciated and I agree with you on the listed purchase price. You mentioned it's not necessary to apply the 50% rule since it varies so greatly from market to market. From your experience in the Phoenix market, how much do you usually budget for electric, water / sewage, and garbage on a per unit basis?

@Wes Blackwell

Hey All,

I'm new to real estate investing and still trying to learn how to accurately estimate expenses prior to reaching out to a realtor. I have a lot of interest in the Phoenix market, but most of the deals I've looked into seem to have negative cash flow. I'm not sure if these are bad deals or if I'm underestimating revenues / overestimating expenses. Any feedback would be greatly appreciated.

Thanks so much!

Phil

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