Crowdsourcing CapEx costs

[Anish Patel]

Hello Ohio investors,

I was inspired by this article to improve my approach to underwriting CapEx costs for buy and hold rental investments. Up till now, I've been using a flat 0.75% of property value, but I worry that's too simplistic. I now think of a % figure as a good way to compare deals, but not a good way to evaluate individual deals.

I'm looking for rough estimations through this form to hopefully crowdsource reasonable estimates for an average 2 - 4 unit multifamily in Ohio. Once I reach a critical mass of responses, I would be happy to share back on this thread what I find in aggregate, so you could all have it as reference too.

Best,

Anish