From the course: Real Estate Analytics
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Determining your projected budget
From the course: Real Estate Analytics
Determining your projected budget
- [Instructor] Projected budget, what was your projected budget when you bought the property? But what did you spend? Now yeah, that that happens but why? I projected X and I spent Y and what happened? That's fine if you, it's not fine, but it happens but what a lot of people don't do is the business moving fast, they're onto other things, or they just don't want to know sometimes, and they don't spend the time to break it down. One of the biggest things that you can do whenever you overspend and when you underspend too, cause you can analyze that. It's not just looking at what went wrong, what went right is by breaking down what happened. What, what percentage over time have I been underspending or overspending based off of what I projected. And is there any correlation there between property type? Is there any correlation there between the contractor I use? Is there any correlation in there between the particular area that…
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