Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago on . Most recent reply

Buying my first SFR: QUESTION?!
Hello everyone!
I put an offer on my first SFR. After the inspection report, the HVAC needed to be looked at. Long story short, I need it replaced. That's about $7,000 if I go basic and $12,000 for energy efficient. The roof has about 5-7 years left before I need to replace that too.
I’ll cash flow $200. My question is, is it worth still buying it since I have to pay several thousands of dollars for the HVAC upfront and then roofing in a few years? I don’t think so but I wanted to get some advice on this.