Depending if they converted ir not it could be oil or gas heat and shouldn't cost you anything and should be public water.

So if you can document that 6 units are rented and have been performing for a long period of time then you count the income.650 X6 = 3,900 X 12 = 46,800 gross income.If tenants pay all utilities meaning the trash, water and sewer, gas , and electric, etc. then use 50%46,800 divided by 2 = 23,400 so at a 10 cap would be 234,000 sales price.

Electric and Gas are on and we are starting with the installation of the Furnace and A/C unit as well as applicable ductwork that needs repair.

Originally posted by Nicolas Dumm:That was my thought i just wanted to have someone else with more experience chime in, I'm wondering if these lovely state employees avoid the poorer areas of the towns, or might be the landlords just don't care or have the moneyin Chicago this question usually means "is heat included.... in the rent", typical for condo business when the whole building is on 1 or 2 boilers powered by main gas line ...gas/water/heat included in rent (included in HOA as well). if not ...many stay away from those units ...

Insurance, gas and water for only (1) unit adds an additional 310 to the monthly payment.

Ok you complain to me i dont have 100 dollars I say fine then get your digital camera out spend 5 bucks in gas and take 200 pictures of potential deals and build a list of landlords and investors and buyers and rehabbers and explain to them if they close your deal they owe you 50 bucks for the lead and you will bring them 20 pics a week of possibilities based on there buying criteria.

One week before closing, we can have the water and gas turned on and at that point I can get a plumber there to inspect for any pipe damage.

He listed is 5 asset classes that he is currently involved in for this preparation: - Multi-family housing (apartments)- storage units- oil & gas- short terms loans/under a Year- gold & silverNow my question is, When EXACTLY is the right time to begin this preparation, when your finally pretty much done with investing?

Its not like Enron where the value can go to zero..Unless you buy a home next to a gas station and the leak on your property totally destroys the value of your asset.

I have a paid off pickup that I can drive if I want, but with my commute, the gas comes out to about another car payment, insurance, maintenance, etc.