Capital Expenses (CapEx) can be the most harmful factor in how well your rental properties cash flow. And, the truth is: you have a lot of control over how it impacts you. But, unfortunately, most real estate investors don't even think about CapEx.
In this new class, James will cover two new spreadsheets. The new Cap Ex Estimator for Rental Property - BASIC version and the new Cap Ex Estimator for Rental Property - ADVANCED version.
The BASIC version is the way some others have tried to make a tool to estimate how much to set aside for CapEx. However, all of the other versions I've seen have a significant ERROR in them (which is corrected in this version).
The ADVANCED version takes making investment decisions based on CapEx to the next level. It is the tool I wish I had with my own rentals, but didn't exist. So, I created it. And, it is AMAZING.
Use these spreadsheets to eliminate buying a cash-flow-sucking-dog-of-a-property and to only buy properties with great cash flow (even accounting for CapEx... correctly this time).
Use the spreadsheets as a sort-of "crystal ball" to predict the future and make decisions about keeping properties or selling them before they (unexpected) become an albatross around your neck.
Plus, powerful ideas on how to all-but-completely eliminate your CapEx, reduce CapEx, shift some CapEx to a third-party at a fraction of the cost and much more.
https://realestatefinancialplanner.com/capex/