Question and recommendation needed
Hello everyone
New to the site, and hoping to learn from you all, and contribute. I hope some of you can help me with a , and a recommendations as well.
I watched the BP video in regards to the cash ROI. I find that this can give somewhat of a picture of if rentals are even worth it. I have 1 and going for a second.
Question 1:
In the cash ROI calculation they suggest that you put aside 100$ for repairs, 100$ for capex and 100$ for vacancy a month. For me these numbers seems steep. I had a bad renter this year who I had to kick out by court, and even then I still did not spend that kind of money the calculation suggests. In your experience, how much do you spend on these 3 items on avg. a year?
PS. I am aware this differs for what the house costs and so on. This is based of a 120k house.
Recommendation needed:
Where do you go to buy kitchen cabinets? The cabinets I see at HD and Lowes, looks and feels like worst quality ever.