All Forum Posts by: Munir Hassan

Hello everyone. I’m new to BP forums and just getting into real estate investing. I’ve been listening to the BP podcast and hearing all the great advice that’s being shared on the forums so I figured I’d join and say hello. 

A little about myself, I live in the Boston area, currently renting but looking for our first Multi Family to start house hacking. My REI goal is to have 5-10 cash flow properties to generate somewhat passive income. I don't know anyone who invests in real estate today, so I'm hoping to start building my network. Any tips for a newbie getting started would be great, or if you just want to say hi! Drop a line below!

Hi All,

I am new to BP and just getting into real estate investing. I live in the Boston area and have been looking to purchase a 2-3 family. The goal is to house hack for a year, save up additional capital and either keep the property for the long term or do a 1031 exchange to a better property. We would ultimately like to have about 5-10 rental properties that cash flow.

The challenge in getting started is we don’t have a good sense of typical repair, capex and vacancy expenses in the area (since I’m new) to confidently estimate OPEX.

My questions is

What is a good estimate for repair, capex and vacancy for this area? I’ve been using 10% of rent for capex and repairs and 5% vacancies.