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Updated about 3 years ago,
Multifamily Millionaire: MRBA and MCEBA w/ Rental Property Tool
Just reading the Multifamily Millionaire and learned about MRBA (Multifamily Repair Budget Algorithm) and the MCEBA (Multifamily Capital Expenditure Algorithm). It uses a MBN (Moving Baseline Number) of $100 and calculates an amount per unit per month based off of your data.
My question is, when using BP's rental property tool, it asks for a percentage for "Repairs and Maintenance" and "CapEx," do I (with trial and error) input a percentage into the tool that ends up matching the result of the MRBA and MCEBA?
For example, if my MRBA is $128 and my MCEBA is $128 (manually calculated), do I alter my percentages to 11.4% for both sections so that the gray text gives me a matching "$128 /month"?
For background on the data I have, I'm looking at a home built in 1928 for $94,500 with $1130 gross income (2 units, 1 bd and 1 bth per unit).