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Updated about 5 years ago, 11/03/2019
CapEx question
When calculating CapEx as a percentage of monthly rent, what would be a good conservative value for:
- A fully rehabbed property
- A property 20 years old with 'mostly' original equipment
Also, do you include this value to derive NOI or include only maintenance in the NOI? If not, what is the rationale?
Thanks in advance for your replies!
-Rob (new investor)