Things that don’t add value As a rule, repairs do not add value to a house, but the need for repairs subtracts equal value from the house. The condition of the roof does not affect value, except when it needs to be done soon. And re-roofing is costly. The same applies to repiling. It pays …
I have a spreadsheet somewhere, but you can get one from your accountant (and you really should have an accountant if you’re buying investment property). Instead let me list just a few factors for your consideration. This is not a comprehensive list but a starting point. Also, decide whether you’re interested in doing upfront work. …
I want to buy an investment property. How do I tell if it’s good? Read More »
If you’re asking the question, then the answer is not right now. If you aren’t certain, and/or don’t know what’s involved, you’ll probably regret it. But here’s what you should know about buying an IP, and then you can go off and think about it. There is no single right way to financial independence, and …