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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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Farshad Mansouri
  • New to Real Estate
  • Allendale, NJ
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22
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How much do you set aside for CapEx, PM, maintenance, etc.?

Farshad Mansouri
  • New to Real Estate
  • Allendale, NJ
Posted Jan 18 2020, 11:16

Thanks in advance for your help,

I am looking to BRRRR.

I was wondering What percentage of the mortgage amount would you set aside every month to cover the eventual cost of taking care of a property. Numbers I’m specifically looking for are the following, but please add to the list with your recommendations:

Vacancy (10%?)

Cap Ex

Maintenance (10%?)

Prop Management

Utilities that you are covering

In other words, I want to find a property where the rent covers the mortgage, as well as all those expenses because eventually they will come up.

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