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All Forum Posts by: Janet Chan gomez

Janet Chan gomez has started 0 posts and replied 1 times.

General Real Estate Investing

Post: Drowning in repairs, any advice would help

Janet Chan gomez
Pro Member
Posted
  • Investor
  • Posts 1
  • Votes 1

That first year after buying the property, if you are "truly cash flowing" I would place that aside for any capEx that arise. It is hard to cash flow the first year because many times like other people have mentioned above, properties are repaired to look nice or to pass inspections (point of sales)but it may not reflect the true nature of the property. If you got the extra cash to repair HVAC I would invest in that, if you are on a tight budget maybe ask someone to lend you some money. You got this Mann! 


I am also an investor looking into Cleveland and Akron. Let me know if I can be of help. 

1 Vote
Cleveland, Ohio