Monthly OpX vs. Capital improvement allocation
Team,
In doing some year-end review, and 2016 planning, I've been working thru my forecasting accuracy. Been at this game 5 years now, and have evolved the business from a hobby to business system. It's amazing what the numbers tell you afterward vs. what you thought getting into real estate.
@Brie Schmidt I recall seeing one of your posts, that you forecast $1,000 per door for capital improvements. That is helpful for me to know! I'm curious what you forecast for monthly OpX? 5? 8% 10%? Does this amount change in units that you have rehabbed totally?
Does age of construction --1900 vs 1950 year built-- add some variance in the amount of OpX to forecast for?
Just curious to hear some perspectives out there... I am now @ 16 units. Mostly 1900 built. Location in Mpls.
Here's to a successful 2016 for you all!
Tom