4 plex and Windows
Hey All,
I am getting ready to close on a fourplex that needs alot of love. I worked with the seller to get some of the work done, and paid for by him as part of our deal. However, the one thing he wouldn't budge on was windows, as the tenants pay for their own heat, so in his eyes, this was a waste of money. So now I am looking at paying for the windows myself after closing and getting them installed during the rehab before I put tenants in. No big deal, but the windows are $8K, which puts me past my available cash for my rehab. Am I crazy for wanting to dump this much money into windows when it won't save me any money in utilities, and it won't allow me to charge more in rent?
Every other rental I own already had new windows, or they were installed as part of the sale agreement, so this is a new world for me.