I received an insurance payout for a damaged roof on a rental property and the contractor doing the work is offering a discount for cash payment.

I had a PA tell me 20% on new money.Note- I have 5-6 properties for roofing claims I can hire him for.

The property has a new roof (2023), new HVAC for the larger unit (2023) and new HWH for one unit (2022), plus is in a really good location on 15th st. in Covington, very near downtown. 

I have a tenant whose condo suffered a major roof leak, which caused internal dry wall and related damage.

Do they look good but need new roofs, have soft subfloors and ancient water heaters?  

On the other hand, our house has a brand new roof, brand new hot water heater and recently renovated kitchen with newer appliances.

I'm hoping to rack up these deals next year as well. 

Please just put a metal roof over it.

We invest in the Indianapolis Indiana market and focus on properties around the $150,000 to $190,000 range that are older homes in good areas that have updated roof, HVAC, plumbing, windows and those type of higher cost items to make sure it has good bones.   

You also need to factor in other expenses like repairs & maintenance and capital expenses like replacing roofs and ACs, etc.