EXPENSES
<ul>
 <li>50% rule is good -- gross Rents - 50% is your expenses, excluding mortgage costs</li>
 <li>Always budget at least $200/mo</li>
 <li>5% gross rent for CAPEX</li>
 <li>5-8% gross rent for Vacancy</li>
 <li>Build a spreadsheet to figure out your CAPEX from scratch. It is worth the time.</li>
</ul>
CONTRACTORS
<ul>
 <li>Contractors respond to CASH and INCENTIVES</li>
 <li>Start small and work your way in with them</li>
 <li>If you do your own demo, you will get a better quote</li>
</ul>

EXPENSES 50% rule is good -- gross Rents - 50% is your expenses, excluding mortgage costs Always budget at least $200/mo 5% gross rent for CAPEX 5-8% gross rent for Vacancy Build a spreadsheet to figure out your CAPEX from scratch. It is worth the time. CONTRACTORS Contractors respond to CASH and INCENTIVES Start small and work your way in with them If you do your own demo, you will get a better quote

005 - EXPENSES - How to estimate expenses and handle contractors

Learn to accelerate your life journey to Financial Independence (FI) with Real Estate. Are you interested in learning to make your job optional with Real Estate?

We believe that traditional FIRE is Financial Independence + Real Estate, not retire early. 

Learn how to quit your job, enjoy time with family, and gain the independence and entrepreneurship experience you want by tuning in.

Have a specific question? Call in to 412-212-8366 and we can help. 

Hosted by Tony Angotti (@412agent) and John.
BeFreeRE.com
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Learn to accelerate your life journey to Financial Independence (FI) with Real Estate. Are you interested in learning to make your job optional with Real Estate? We believe that traditional FIRE is Financial Independence + Real Estate, not retire early. Learn how to quit your job, enjoy time with family, and gain the independence and entrepreneurship experience you want by tuning in. Have a specific question? Call in to 412-212-8366 and we can help. Hosted by Tony Angotti (@412agent) and John. BeFreeRE.com 412-212-8366

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005 - EXPENSES - How to estimate expenses and handle contractors

005 - EXPENSES - How to estimate expenses and handle contractors