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Cincinnati Investors: Old Mechanicals Don’t Mean the Deal Is Dead

HoltonWiseTV Guide 3 months ago

Description

Older duplexes are rarely filled with brand-new furnaces, hot water tanks, and roofs—but that doesn’t automatically make them bad investments. Cincinnati investors need to estimate the remaining life of the major mechanicals, budget for long-term replacements, and use the inspection to renegotiate when an expensive repair is needed immediately. Smart investors underwrite normal wear and tear instead of panicking every time a property isn’t completely renovated.

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