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Updated over 6 years ago on . Most recent reply

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John Leavelle
  • Investor
  • La Vernia, TX
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John Leavelle
  • Investor
  • La Vernia, TX
Replied

Howdy @Deforrest Ferguson

You did not include PMI. It is required when your deposit is under 20%. I would increase your CapEx and Repair reserves to 10%/5% respectively. At least until you have the property inspected to determine the current condition and life expectancy of all major components and appliances. Then you can adjust the CapEx amount appropriately.

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