Re: Ask me about real estate investment?
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What percentage of your gross income from your multifamily properties goes to expenses (not including debt service)?
I usually plan on 40-45% of cash flow going to operating expenses. It really depends on the property and my long term plan. The larger the property the closer to 45% or even 50% I shoot for. This is because of large maintenance or marketing expenses that might suddenly occur. I tell people that it also depends on how much capital they have to work with.
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Sorry, maybe I wasn't clear. I was wondering what the ACTUAL percent of your ACTUAL gross incomes on properties that YOU OWN go to expenses. I know the general rules, I'm wondering how much you actually spend. Out of curiosity more than anything, but I like to see how it comps to my experience and my area.
I liked your other responses though - makes me think you actually know what you're talking about.
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