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Updated about 6 years ago, 09/14/2018
First rental investment
Hello BP,
I am looking at my first deal SFH in nice neighborhood that just needs miniature paint and flooring redone. I am looking to buy hold some years , then see if I want to sell after 3-7 years.
. Two part question:
1. I am trying to first see if the deal numbers work out, so what is the best way to calculate capital expenditures?
2. This house is the only 5 bedroom in the immediate area, so should I expect to charge rent at the high end of the spectrum?
Thanks !