Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Replacing Galvanize Steel Pipes with PEX in Multi-Tenant Property
Hello everyone, i have an interest in a multi-tenant property that was built in the early 1900. It has a recent history of water leaks contributed to the existing galvanized steel pipes. These leaks were repaired by the current owner. However, to be on the safe side, i think it's best to replace them all if i were to purchase. The property has 4 levels including a basement level. There are 4 units with 4 bathrooms within the property. 3 out of 4 units have tenants in them. Can anyone provide feedback on costs, time, and impact to the current tenant to have the pipes upgraded to plastic pipes? Thanks.
Tri