How much for CapEx on larger multi family?

[George Red]

I've purchased duplexes in the Kansas City market and have budgeted about 5% on CapEx. I've been interested in looking at 4-10 unit properties and curious if that 5% CapEx figure is still good or does CapEx % typically get higher as there are more doors? If so, what % have you done for properties over 4 doors?

[Kim Meredith Hampton]

@George Red It really all comes down to the condition of the property and how old are the roofs, electrical, plumbing appliances, ac etc...Once you know these things, you can begin to use that information to figure out annually how much to budget. If I have older properties or ones that have been mismanaged or neglected, I definitely do 10% or more