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Updated almost 2 years ago,
Repairs/maintenance budget when analyzing deals
Hi everyone! Rookie here! I am practicing analyzing deals and I am getting different opinions regarding how much to allot for repairs. Per the Bigger Pockets Analyzing rental properties calculator video, it is best to allot 10 percent of the property’s monthly income. That seems like a conservative number and I would like to know how much people generally save and maybe other factors I may not be considering. I am planning on purchasing a b class duplex or triplex in a b class neighborhood in order to super house hack this year in either North Carolina, South Florida or Idaho. Thanks!