All Forum Posts by: Steve Y.

Hi BP'rs!

Has anyone have experience with property that uses well water with has arsenic?  I'm in contract with a 4-unit multi-family property in NH and this is the case.   It has a very good water treating system in the basement of Unit 1 that pipes through all the units into each kitchen.  It's a redundant system to guarantee arsenic is always tested and treated in a duplicate tank. Each kitchen has a  separate tap for drinking.  It hasn't been an issue with current long term tenants with children but I'm concerned how this would deter new renters.  Couple of other areas of concern. 

1. The tap is only in the kitchen.  What about bath sink? Brushing teeth?

2. The system is in the basement of one unit.  The water people have to service this 4x per year inconveniencing the tenant. Not an issue with current but might deter new tenants for that unit.

Anyone else see other areas of concern? 

Thanks,

Steve

Hi Liz, unfortunately I'm flying back Thursday morning.  If you or anyone is up for tonight I'm down or the week of 9/5 when I'm back.  If not, no worries. Thanks!

Hi Liz, that's right. A meet-up sounds great. I'll be in town this week if anyone is interested. Something real casual. Grab a drink and talk about real estate. Name a place, day, and time and let's make it happen!

@Ron Rohrssen Thanks Ron!

@Bridgette De La Rosa Hi Bridgette, thanks!  For some reason, I missed your reply.  I'll send you a connect request.

Thanks @AJ Leman!  I'll be out there next week! Looking forward to getting my boots on the ground and start contributing to the BP community. I have learned a lot. If you have any agent/lender referrals in the area, please let me know. Cheers!

Hey Guys, jumping in late on this thread but would love to connect. I'm new to investing as well and would love to start a dialog.   My local area (Boston) is way too expensive for cashflow so I'm looking out of state and the pricing in the Cedar Rapids area might work.  I'll be traveling to Cedar Rapids 3 weeks out of the month for my day job so I'll be around. 

 @Caleb Godsey, @Zachary Gwin, @Mike Flynn, @Ron Rohrssen, @Account Closed Would love to pick your brains and start a dialog.

Thanks!

Thanks @Dan K.!  I'll reach out to Charlie.  I have searched north, south, east, west and coming up blank. Perhaps I'm doing it all wrong.

Thanks @Martin L.!  Yes, please! If the number look decent then I'm definitely open to discussion.  Thanks so much!

Thanks @Dennis M.! Great idea on the local REI meet up. Will do that!

Hi Everyone, 

Just want to make a quick new member introduction. I've been sitting on the sidelines, reading, learning, getting inspired and now I'm ready to dive right in. Great timing right?? Better late than never. I have a bunch of cash saved up so funding is not an issue but finding deals are nonexistent around my area. I'm from the Boston area and man, it's brutal here. I've been working with a local agent, scouring the MLS listing, driving for dollars but nada. The home prices are astronomical ($600k+) within a 1 hour radius and I just can't do rough neighborhoods. Forget about cash flow, 1%, 50%, 70% rules. I started to look out of state toward Midwest. I'm a bit hesitant on out-of-state investing being that it's my first but I don't want to give up because I can't find local deals. I'll do my due diligence and narrow down my market then work on the core four (lender, agent, contractor, property management). Well here we go. If anyone has a market they would like to suggest, please let me know! Words of wisdom? I would love it.

I've been traveling to Cedar Rapids, Iowa for my day job so I may start there. 

Looking forward to connect with many of you BP'ers! Cheers!

Steve