Cap Ex and other Expenses

[Mark Greathouse]

When getting your first deal (lets call is a BRRRR). When should you start putting money away for the CAP EX and other expenditures? It seems like it is a dedication from rental cost, but what if reno's are taking longer than expected and things like taxes are building up? Close to my first deal and want to get an idea before I take a loan to cover Reno's and other expenses.

[Bob Okenwa]

@Mark Greathouse

It's hard to accurately pinpoint an amount to save for CapEx as you never know when something will go out. If the roof falls apart 3 months after you close, will saving $200 a month really do anything to pay for it? I'd just keep money on deck for such repairs and pay for them as they occur.