All Forum Posts by: Alex Longinidis

 Cory! 

That would be excellent!  Would definitely love to connect!

 Wale!  

I appreciate the advice!  Immediate safety will be addressed as soon as possible.  As far as "mid-term needs", did you have any specifically in mind?  Would love to get input as to how to do the repairs and upgrades efficiently.  

Will certainly be looking to build a team with the local contractors.  As far as property management goes, I figured it might be best (in my particular situation) to start with a property manager since I will be travelling for work for most of next year and it would be better to have someone local to handle things for me?  

Really grateful for the advice and support!  Thank you so much!

 Jimmy!  

Thank you for the kind words, it's been an interesting experience so far.  Lots to do, I appreciate the support!  I'll send you a connection request!

 Definitely seems to be the opposite of Boston so far.  I had some family move out here so I wanted to be closer to them, I work as a mate on ships so as long as I'm close to the airport I can get to work.  

Will be looking into the meetups.  In the process of trying to find a property manager right now, but perhaps those will be good spots to find one.  

Thank you, tried to do as much research and legwork as I could before the deal as possible.  I think there's a fair amount of play in the budget for what needs to be done.  

But yeah the studio apartment is an absurd layout, I was blown away when I saw it in person.  

Looking for a property manager in the Troy, OH area.  Hoping to speak to any of you that have experience with the local PM's.

@Colby Fryar Thank you for taking the time to respond!!  

Thank you!  I'm very excited.  Yes there are some big items involved in this, and I'm very excited to figure them out.  My father made his living flipping houses so I think I'll have some good input on the rehab piece!

It will be delivered vacant, unfortunately I missed the clause in the contract where it says the sellers can live in the property for up to a week after closing so there will be a bit of an unexpected delay there.  

Yes planning to start interviewing some property managers this week, I've been trying to compile some questions to vet them and find the best fit (though they didn't seem to respond well to my 78 questions from this post lol).

I appreciate the support!!  Will definitely be in touch with some questions as we get closer to closing and rehabbing the property!

@Jonathan Greene Thank you for taking the time to respond!!

Yeah there are several big items!  Everything seems to work as is for the time being, but I'm budgeting for the roof and furnace replacement in the near future.  First floor has a newer furnace (2016), two units upstairs share one furnace.  The upstairs furnace is from 1982 according to the home inspector, this is the one that will need to be replaced.  The standing plan is to put in mini splits in each unit once the existing furnace finally dies.  

Yes, estimated about $30-35K in repairs and negotiated that into the purchase price as best as I could.  All will be delivered vacant, apparently I missed the piece in my offer that allows the seller to stay in the unit up to 7 days after closing...  Hoping to place tenants on the first floor as close to move in as possible (1st floor unit is modern and doesn't need any work), then quickly make the repairs on the 1 bedroom unit to update and turn into a 2 bedroom and get that rented as soon as that is done.  

Third unit is a studio/efficiency that I will live in.  Needs a huge remodel (they put the shower in the living room, and you can't open the oven all the way in the kitchen, absolutely ridiculous).

I did check the events and meetups category, couldn't find anything nearby.  I'll check on meetup.com as well, I know sometimes they post meetups on there!

Hello!!

Long time lurker.  After many years of observing, I've finally got a house hack under contract.  What I found to be a solid 3 family in Troy, OH.  Had a home inspection done and found it needs some work (Roof will need to be replaced in the next few years, some of the electrical needs work, updating the 2 upstairs units, furnace replacement at some point, etc...).  

Will be moving to the area from Boston, MA.  I am very excited to finally be starting my house hacking journey.  Stressed with lots to figure out in terms of getting systems in place and making repairs with not much time to get everything done, but I'm confident in the deal.  

Would love to talk to anyone who is local to get a better feel for the area and have some folks to get advice from.  I've visited out there and thought it was a great little area (besides the train...) with a lot of potential.  

Also wondering if there are any Real Estate Meetups out that way?

 Melanie,

Thank you so much for your response!  I will move forward immediately!