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Updated over 4 years ago,
What % Do you Use for Repairs, Vacancy, Cap Ex, Mgnt Fees?
I am new to BP and signed up for BP Pro Subscription and am diving right in on property analysis. My goal is a property by the end of October.
IN regards to the Rental Property Calculator I am wondering what are the typical numbers you use for:
Repairs, Vacancy, Cap Ex, Management Fees
I have run 10 properties in 2 days and am going:
Repairs - 5%
Vacancy - 5%
Cap Ex - 5%
Management Fees- 8%
Are these numbers in the ball park? Would you pad these a tad higher for a little more $ reserves? I got these numbers by listening to various podcast. I would love to hear your thoughts.
BTW I have found 1 property (4 plex) with a cash flow of $1190.00 and a CoC Return around 16%. Calling a realtor tomorrow!
Thank you! Jeff