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Updated over 5 years ago on . Most recent reply

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27
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8
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Soren Ager
8
Votes |
27
Posts

Question and recommendation needed

Soren Ager
Posted

Hello everyone

New to the site, and hoping to learn from you all, and contribute. I hope some of you can help me with a , and a recommendations as well. 

I watched the BP video in regards to the cash ROI. I find that this can give somewhat of a picture of if rentals are even worth it. I have 1 and going for a second.

Question 1:

In the cash ROI calculation they suggest that you put aside 100$ for repairs, 100$ for capex and 100$ for vacancy a month. For me these numbers seems steep. I had a bad renter this year who I had to kick out by court, and even then I still did not spend that kind of money the calculation suggests. In your experience, how much do you spend on these 3 items on avg. a year?

PS. I am aware this differs for what the house costs and so on. This is based of a 120k house.

Recommendation needed:

Where do you go to buy kitchen cabinets? The cabinets I see at HD and Lowes, looks and feels like worst quality ever.

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