All Forum Posts by: Kevin Deady

Hi BP,

So I just bought my first duplex which I am currently living in.  Here in Westchester County, NY the winter has been cold and snowy.  Since moving in back in late November I've already spent $1,320 on oil.  I know my furnace and equipment are ~30 y/o. 

The house does already have a natural gas hookup (for the stove) which my plumber said is half the battle.  

I only plan on living in this unit for 1-2 years while I do a 'live-in fix' before moving out and renting entire house.

3 month average $/gal- $2.35

Natural gas price and provider: $N/A- Con Edison

Question: scrap the oil setup and go natural gas or perhaps update my current system?

TIA,

Kevin

Hi BP,

I'm looking at this single family house that needs some work.  The owner is 94 years old and is now living with her niece, who is the one selling the house.

The niece is telling me that there is a reverse mortgage on the house.  This is the first I'm hearing of this.  Now, I did some research and my question is: 

Does this give me the upper hand or any leverage at all when making an offer on a property that has a reverse mortgage?

Thank you.

I'll be there!

Any traction on this meetup?  I know I'm a little late to the party, but I'm interested. 

I live in Peekskill. I love the area here, its really growing; business, night life, and construction. I hope to make my first deal happen right here in the city. I wish you the best of luck and if you would ever like a tour around lmk!

@Nathan Gesner

@Kevin Sobilo 

Thanks for the help guys.

Hopefully I can make it this month! 🤞🏼

It seems like a no-brainer to have your tenants pay for the utilities, right?

Why would you (as a landlord) ever consider picking up the bill?

I hope I can make it on time. All depends on my work schedule. Are late arrivals permitted?

Hello BP community,

First and foremost...I have 0 deals under my belt. I’m still learning and studying as much as I can.

Now here’s my situation:

On a dead end road where I have been living for for 20 years, I found an off market deal. The house directly across the street from me is where my 94 year old neighbor had been living for 50+ years. She has since moved in with relatives and now her house sits vacant.

2 bedroom, 1 bath, ranch style house with a unfinished basement and a 2 car garage in Westchester County NY. The house is very much livable in its current state, the owner just hasn’t put any money into it in recent years. It seems very outdated with the interior looking like the Brady bunch house. Looking out my kitchen window I can see the house needs a roof (or second story), siding and updated landscape.

My thoughts are making an offer on the house (it’s off-market) given my good neighborly rapport and sprucing it up. The flat roof ranch seems to be begging for a second story IMO.

I’m new, nervous, and excited.

Sincerely,

Noobie