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Updated almost 5 years ago,
Cap Ex getting expensive on my rental
I purchased a duplex at slightly below market rate 2 years ago in a strong Northern Colorado market.
Over the course of 2 years, I'm in the process of replacing the entire HVAC system. This is costing me thousands and thousands of CAP-EX expenses.
Should I have negotiated more strongly when I purchased the property?
Would you pay cash for the replacement costs?
Finance through a no interest loan?
Can hard money ever help in this scenario?
I know CAP-EX can be a silent killer when investing long distance, but can it still kill an investor when they buy locally?
Seeking tactical ideas and strategies on how to approach capital expenditures. Thanks!!