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22 May 2024 | 13 replies
After one summer of STRs I came back in the winter took a first lean mortgage on the property to replace the roof (and build my RV which I plan on living in while renting in the summer).
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21 May 2024 | 41 replies
Your mortgage payments may be fixed, but your taxes and utilities will increase, your maintenance material costs and labor rates for repairs have gone up, and your property is wearing out (appliances, flooring, water heaters, furnaces, roof, etc. all have a lifespan and will eventually need replaced).
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20 May 2024 | 12 replies
What about leaking roofs or accidents you can't predict?
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21 May 2024 | 16 replies
This leaves the tenants extremely frustrated, especially if it's a refrigerator issue causing their food to spoil, or possibly an issue with an appliance leaking water onto the floor, etc.
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21 May 2024 | 3 replies
To make things even more complicated, I could possibly have roof issues, which means more $$ spent that I won't earn.
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20 May 2024 | 4 replies
The roof was replaced this year and the Central Heat and Air unit was replaced within the last 3 years.
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21 May 2024 | 3 replies
You just need to shop around more and take care of the big items, like the roof, if needed.
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21 May 2024 | 2 replies
-You'd also want to understand what kind of capex issues you are inheriting....does the roof need done?
21 May 2024 | 10 replies
Well - sale prices are through the roof right now.
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21 May 2024 | 11 replies
You kill two birds with one stone by giving yourself a roof over your head and an investment property at the same time.