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Updated over 9 years ago on . Most recent reply

Joshua Solomon's profile image
Joshua Solomon's profile image
Joshua Solomon
  • Investor/manager
  • from Rochester, New York
  • Member since Oct 15, 2015
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Joshua Solomon's profile image
Joshua Solomon's profile image
Joshua Solomon
  • Investor/manager
  • from Rochester, New York
  • Member since Oct 15, 2015
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Joshua Solomon
  • Investor/manager
  • Rochester, NY
4
Votes |
27
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Starting Out

Calculating repairs when purchasing

Joshua Solomon
  • Investor/manager
  • Rochester, NY
Posted

I'm a newbie about to close on my first 5 properties in Rochester, NY and I'm looking now at properties which need work, my question is how do the experienced investors of this blog calculate repairs into the projected ROI, in that a new roof wont need to be replaced for 20-30 years ect.. Thanks Josh

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Clayton P.'s profile image
Clayton P.'s profile image
Clayton P.
  • Landlord, Wholesaler and Agent
  • from Newton, New Jersey
  • Member since Oct 18, 2013
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Clayton P.'s profile image
Clayton P.'s profile image
Clayton P.
  • Landlord, Wholesaler and Agent
  • from Newton, New Jersey
  • Member since Oct 18, 2013
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Clayton P.
  • Landlord, Wholesaler and Agent
  • Newton, NJ
46
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Clayton P.
  • Landlord, Wholesaler and Agent
  • Newton, NJ
Replied

Are you talking about repairs you need now or about budgeting for capital expenses?

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