All Forum Posts by: Jeanne Hink

Yes, I agree!

@Justin DAlessandro

Justin, try ACRE of Pittsburgh. They’re a wonderful group. Visit the website:

http://www.acrepgh.org/

And you may call Ed Benis. His number is on the website.

Jeanne Hink

I think the cost of building another 4-plex outweighs the income potential in this location.  I'm not in an area where things appreciate much.  That's why I thought garages...they would be inexpensive to build.  But thank you for your input

Hi,

I'm purchasing a fourplex that includes the adjacent vacant lot (2 separate addresses).  It cash-flows OK and is in great shape.Market rents are about currently $600/month without a garage.  What should I use this lot for, or build on it in order to maximize my cash flow on this property?  I thought about building a 4-car garage; even putting one or two apartments above it.  What do you all think?  

Thank you!
Jeanne

@Don Meinke

Can you recall the approximate cost of the furnaces and installation please? I am under contract for a 5-plex that has been converted to baseboard heat and the residents complain that it’s cold. My intent is to renovate and jack up rents, but if the costs continue to go up like this i may just cancel the contract.

The link is not working. There are other people who have also purchased this and have had the same issue. How and when will this be resolved?  

Thank you both very much.   With the information I’ve uncovered it will be a much better rental. I appreciate the way you’ve helped me tho k it through. And good to know another investor in the area. 

I’m about to look at and analyze my first investment property. From afar it looks great. It’s an estate, needs TLC, has all appliances, new electric, is in the right school district and the owner is motivated and negotiable. It’s a 2 bed 1 bath bungalow. he’s asking $32,500. It’s close to where I live, in a relatively small town of Hermitage, PA. Our area doesn’t appreciate much but is somewhat stable. I could probably get between $500-800/month rent out of it. I don’t know if I could add on a third bedroom, or not. My questions: 1. Is this best as a brrr or a flip? 2. If I renovate at all as a brrr should I do it only if I can add a 3rd bedroom and 2nd bath? 3. Should I keep as little of my own money on the deal as possible? Or try to have as much equity right now, as this is my first deal? Thank you very much. I appreciate everyone’s help here at Bigger Pockets Jeanne