Replace roof prior to tenant move-in?
Hello!
My wife and I are purchasing our first investment home so I am interested in some advice. The home itself is a 3/1, 815 SF and it has a simple, low pitched shingle roof. The roof is nearing the end of its usable life. A few of the shingles are starting to curl, but there are no leaks. Our strategy is to buy and hold long-term for positive cash flow.
Would the savvy investors in here A) Replace the roof as soon as possible before we move-in our tenant, or B) Wait for some time so we can save up and get the most out of the current roof's life?
Our strategy is to buy and hold long-term for positive cash flow.
I should also probably point out... We are located in Jacksonville Florida and entering the peak of hurricane season.
Thanks!