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Updated over 4 years ago, 09/01/2020

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6
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Keith Olson
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6
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First rental property advice

Keith Olson
Posted

We are about to close on our first rental property. My questions is do I install central heat and air? The property has window units and I was wondering if we should invest in central heat and air right away. we plan on doing a small renovation of the house and refinancing in about a year. Will installing central heat and air help us to receive more in rent and recoup the money in the refinance. 

The house cost 80,000

have a 15 year mortgage at $585

rent will be 1100/month and cash flow 200 month (without central heat and air)

Thank you in advance for your feedback

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