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Updated over 9 years ago,
Am I too or not conservative enough for buy and hold estimates?
Hello,
I'm attempting to calculate monthly cash flow on properties in low income areas in Massachusetts. I am struggling if I am putting the correct amount of money aside for monthly maintenance and big ticket repairs. Must houses I will buy are early 1900s.
I am putting aside 10% of rent for monthly repairs. I also am putting 10% for future big ticket repairs, like a new roof.
Do those numbers seem right?