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Updated almost 8 years ago on . Most recent reply

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93
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Orkeem Davis
  • Real Estate Agent
  • Englewood, NJ
31
Votes |
93
Posts

Best way to pay for complete roof project?

Orkeem Davis
  • Real Estate Agent
  • Englewood, NJ
Posted

I'm in the process of having my roof completely replaced on one of my rental properties.  With that being said, I have been mainly scheduling appointments with companies that offer a payment plan.  Basically, I want to use some of the positive cash flow of this rental property to pay for the roofing job - monthly payment plan. 

While screening roof companies, one company offered a creative way to really lower the overall costs.  The company suggested that I buy all of the supplies and I only pay the company for labor.  50% upfront and payment plan for the balance.  I can afford to pay for the roofing project both ways, but I would like to receive feedback to the best approach to pay for this roofing job. Thanks.    

Most Popular Reply

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1,603
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918
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Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
918
Votes |
1,603
Posts
Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
Replied

It is always cheaper to buy the materials yourself. No added charges for material cost.

 But! You have to deal with it, return the leftovers, etc.

I do pay for labor only for my roofs.

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