Wednesday, July 31, 2013

33 Guidelines for investing in real estate.....

Guideline #15:   Roofs leak, just a matter of  when.

All roofs leak.  Maybe not today, maybe not tomorrow, but sometime, when it is least convenient, the roof will leak.  Plan for it.  Establish a reserve for replacement account the day you make your investment.  It is a discipline that will serve you well.  Leaky roofs lead to other problems.  Leaky roofs have a way of reducing property values.  Roof replacements are expensive.  It is an expense you will have to face eventually, start saving for it now.

No comments:

Post a Comment