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Looking to purchase a 13 unit building
Hi All, Happy Holidays!
We are looking to purchase another investment property- it is a 13 unit building with an 8.5% COC. Our purchasing criteria is 10% COC... Our biggest issue is the Gas & electric are paid by the landlord... which we do not particularly like, it is right next to another building we own so it would be a nice deal.
Just wanted to ask for some opinions on ways to bill back for gas & electric. This is one hurdle we've not had to deal with yet.
Thanks All!!