How much do you set aside for CapEx, PM, maintenance, etc.?
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.