Newbie investor (help on getting started numbers)

[Richard Diaz]

I'm eager to get started, just wanted to see if anyone would give me a run down of the expenses and percentages set aside for each expense and why and how to come up with the initial Cashflow you are expecting to receive .. (Multifamily Units and Single-family units) any help would be very much appreciated. Thank you in advance!

[Carl Schmitt]

@Richard Diaz

I'm just starting out in CT as well but can at least give you my opinion.  First, I'd find out if there's a meet up in the New London area.  if not, it might be worth the ride to New Haven or even up to the Hartford area.  Having first hand conversations with experienced folks really open my eyes.  

As far as numbers, here's what I'm using for class A and B areas: 5% vacancy, 5% repairs, 8% capex, and 10% property management.  That's for working class suburbs in the Hartford area.  I bump those numbers up as the quality of the neighborhood goes down.  

Again, just my opinion but I've heard similar numbers from folks at the two meetups I attend.