How to calculate capex?

[Jay Mat]

Hi, I would like to hear from you how you calculate capex. Do you actually go and check all the possible expenses? Do you call contractors to find out how much they will charge for a new roof? Same is with the plumbers, electrician etc. or is there an easier way to do this?

[Tim Herman]

@Jay Mat the most accurate way is to calculate each house. There is a spreadsheet in the files section called cap ex by @ Sam Tato. I use a minimum of 10% at $1k rents. I want to have at least $250 per month that includes vacancy, repairs and capex going into an account.