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Updated almost 7 years ago, 01/07/2018
Capital Expenditures..Save for Big repairs vs Not
.....so how much or what % of your gross rent roll should be put away for capital expenditures such as a new roof, driveway, leaks or whatever large repairs that need to be made to your multifamily investment properties?
Let's say you've been saving for years and you never really need big repairs; how much $ saved is enough?
I know one thing for sure, one super expensive unexpected repair can ruin your glorious investment.
Please chime in on this one.
Billy T.