Garrett Christensen
How much to set aside for Maintenance and Cap Ex?
Hi All,I've been investing for a few years now and when I'm running numbers I always set aside a percentage of the rent for maintenance and cap ex. I adjust this number slightly based on the condition of the property,...
Paul Caryl
Can I expense a roof replacement on my rental?
I will be replacing the roof on one of my rental properties this summer. The question is can I expense is all this year or do I have to depreciate it? I ask because I've heard both sides lately. The normal consensu...
Charles Baker
Cost segregation - SFR acquired in 2021 followed by full reno
Scenario: We acquired an SFR in the Southern California mountains in 2021. Over the past 15 months we've been doing major renovations. Work is basically complete. First STR guest has booked for the last week of 2022...
Anthony Harmon
Repair % and capX % how to determine
What is a good way to determine how much I should allocate from monthly income to the repair fund and capX fund in terms of a good percentage? This oils be on a rental in Flint MI.
Thanks
Anthony
Logan M.
Valuations of On-Market vs. Off Market Mobile Home Communities
I have been amazed by how much community owners will ask for parks that are posted for sale.We had a community for sale in Orem Utah, about 200 spaces asking $40,000,000.It is not unusual to see Parks that are right i...
Trevor J Dammon
How does building age affect underwriting?
I'm looking to begin my investing journey with an owner occupied duplex. I'm looking in the Minneapolis area. My plan is eventually to move out and keep the duplex as a REI. One thing I have noticed is that most of t...
Christopher Smith
Roof Betterment, Restoration or Expense
Sorry this is a long one:Contemplating doing a new simple Shingle overlay on a rental property roof. In other words, not doing a tear off of the old Shingles just laying a new layer over the old. I have a guy who has ...
Cory Melious
Repair the HVAC or replace it?
Hey all!I’m curious what others would do in my situation. I have a rental condo that has a broken HVAC. The building provides heat/coolant. My HVAC is simply an air handler that blows hot and cold depending on what se...
Allison Karrels
How much Cap Ex Reserves do you have?
Right now I am in contract to purchase my 6th rental SFH. I have been putting aside $100/month/property for a while now and have about $10,000 sitting in a cap ex reserves savings account so that I am prepared for th...
Mark Woodling
Turnkey Provider Standards
BP real estate investors, what are you looking for as a standard for turnkey homes for passive investment? You want specific standards, such as no less than 5 years left for a roof life, 3 years of HVAC left, etc. L...