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Rental house Question
Posted on 12/8/17 at 7:46 am
Posted on 12/8/17 at 7:46 am
I have a rental house and the roof is pretty bad, I do not have the money to pay to replace it. Do I take an equity loan out?
3
Posted on 12/8/17 at 8:28 am to ntgreek00
Wait for next big storm then have insurance check it. I have never had to pay for a new roof out of pocket.
Posted on 12/8/17 at 10:03 am to arkiebrian
Get some kind of loan.
A leaky roof will cause plenty of damage and fast.
A leaky roof will cause plenty of damage and fast.
Posted on 12/8/17 at 12:20 pm to ntgreek00
How much equity do you have? Heloc is probably your best option.
Posted on 12/8/17 at 3:15 pm to ntgreek00
Find a trusted roofer and call your insurance company.
I had a case where I needed to fix the roof to sell a house--roofer and claims adjuster got together on both that house and another one two blocks over, and I got both roofs replaced.
I had a case where I needed to fix the roof to sell a house--roofer and claims adjuster got together on both that house and another one two blocks over, and I got both roofs replaced.
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