All Forum Posts by: Eric Thomas

Complete waste of time. The funny thing is, I love to analyze nonsense like this and literally started to crunch the numbers for you before realizing I was wasting my time just like you were! :)

Tenants should pay for their utility use, which means you won't spend a dime or save a dime except during vacancies, which should be few and far between. There are bigger fish to fry. You need to focus on the things that will consume 80% of your time (marketing, application screening, late/unpaid rent, lease violations, etc.) and can cost you tens of thousands.

This is why I'm here. Thanks for steering me straight Nathan.

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Found this on the internet

https://www.we-energies.com/sa...

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Evening all,

Let's talk fridges. Does anyone know how to evaluate the cost of operating large appliances? I could be overthinking this (I'm an Engineer by trade, so that's on brand), but my logic is, if I rent out three units and save $20 per month on electricity. I could save about $720 a year in operating costs. The problem is, I have no idea what metric determines this. If I go down a rabbit hole, I'll eventually learn how fridges work, so I figured I'd ask the BP peeps first.

Please let me know if this is a massive waste of my time.

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Greetings all,

I'm currently educating myself on rental property investing using several resources from BiggerPockets.com and other books and tools. I've recently secured a significant bonus from work which will allow me to pay off some consumer debt (credit cards, collections, etc.) to build better credit and save about $15,000 to begin my investing journey. I plan to house-hack a triplex or quad financed through NACA or an FHA loan.

Before I jump in, I'd like to know if there are any other personal financial actions I should take before investing in my first property. I'm looking forward to being a part of this community and learning.

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Orlando, Florida

All Forum Posts by: Eric Thomas

Eric Thomas has started 2 posts and replied 4 times.

Post: Evaluating the operating Cost o Large Appliances

Post: Evaluating the operating Cost o Large Appliances

Post: Evaluating the operating Cost o Large Appliances

Post: Preparing to start my wealth building journey through house-hacking