When should I stop saving for repairs?

[Dakota Hicks]

Hello,

I'm getting ready for my 1st property and I want to build a solid model for future investing. When do you stop saving for repairs? For example a 3BR 2Ba , I save 8% for CapEx and eventually I have $10,000 saved. Do I continue to save or stop and turn that 8% into added cash flow? Also, with more than 1 unit do you save 10000 for each unit? Or reduce the amt allotted for each subsequent unit as your total cash reserve grows? Ex. 1 unit-$10,000... 2 units-$17,500. Hopefully this is clear enough. Thank you, I'm really trying to figure this out.

[Peter Bowring]

Search the blogs for Ben Leybovich and capex and you should find his guide. You'll need to adjust his costs for your area, but the timelines should be accurate. You may also need to account for other items that are or are not common in your area