Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jamall Lynch

Jamall Lynch has started 3 posts and replied 10 times.

Post: CaPex Budgeting Costs

Jamall LynchPosted
  • Investor
  • Posts 10
  • Votes 4

Thanks Peter. Some good notes to take back to the drawing board.

Post: CaPex Budgeting Costs

Jamall LynchPosted
  • Investor
  • Posts 10
  • Votes 4

Thanks Alecia! That’s an awesome approach. I appreciate your words of wisdom.

Post: CaPex Budgeting Costs

Jamall LynchPosted
  • Investor
  • Posts 10
  • Votes 4

Thanks Allan, I really appreciate your advice and feedback.

Post: CaPex Budgeting Costs

Jamall LynchPosted
  • Investor
  • Posts 10
  • Votes 4

I appreciate the feedback Drew.

Post: CaPex Budgeting Costs

Jamall LynchPosted
  • Investor
  • Posts 10
  • Votes 4

Thanks Bill. I appreciate the transparency and for you putting things into perspective. This is the type of information I really needed.

Post: CaPex Budgeting Costs

Jamall LynchPosted
  • Investor
  • Posts 10
  • Votes 4

Thanks Simon for the feedback. This is definitely some great information to note.

Post: CaPex Budgeting Costs

Jamall LynchPosted
  • Investor
  • Posts 10
  • Votes 4

Top of the afternoon BP family,

I'm a newbie who recently came across a formula on how to budget for CAPEX. It says that I should take the cost of the repair and divide it by how many years it will last and divide that number by 12 months to get the dollar amount that I should be tucking away every month for that expense.
For Example: Let’s say it’s a $20,000 roof that will last 10 years. 

20000 ÷ 10 ÷ 12 = 166

This formula states that I should be setting aside $166 per month for this expense. 

I've also heard a few investors say that it's a good rule of thumb to set aside 10% of my gross income every month for CAPEX. Which metric is best to use when accounting for CAPEX? And what are some additional CAPEX items that I should be factoring in besides the roof and HVAC? I'd greatly appreciate your input.

   

Post: Startup Capital Required In Dayton

Jamall LynchPosted
  • Investor
  • Posts 10
  • Votes 4

Thanks Tyler, I really appreciate the response. This is some great information.

Post: Startup Capital Required In Dayton

Jamall LynchPosted
  • Investor
  • Posts 10
  • Votes 4

Good afternoon BP family, I'm a newbie that is going to invest in the Dayton, Ohio market. I'll be investing out of state and I'm looking to acquire a turnkey duplex at a cap price of $100K. I've already made some calculated evaluations in terms of the expected operating expenses, the mortgage, closing costs, and a 20% down payment. My hypothesis is that I should be putting aside around $33K to cover the down payment, closing costs and about 6 months of reserves for PITI. Is there anyone in this market that can give me idea of how much I should have tucked away to make a deal like this happen? I'd greatly appreciate it!

Good afternoon Bigger Pockets Fam, my name is Jamall and I’m a newbie and I’m looking forward to networking, building, and adding value to the community.