Steven Kim
First Time Home Buyer (4-Plex)
23 August 2024 | 10 replies
Any way you could "Meter" out the units to put utilities in their name?
Gabriel Miritello
Multi Fam Numbers running questions
20 August 2024 | 10 replies
-asphalt parking/driving(currently dirt with massive pot holes)(awaiting estimate form local company)-Individual metering (previous hotel, 3 different buildings(2 doors, 7 doors, and 6 doors), all on one meter)Any advice or things to consider are appreciated.
Samuel Coronado
Getting ready to develop park
21 August 2024 | 9 replies
But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).
Daniel Kalam
How to Split Utilities in a Triplex
14 August 2024 | 6 replies
There is/are one water line/meter from the city, one gas line/meter from Xcel, and three electrical meters from Xcel.
Byrne McKenna
Tenant nonpayment of utilities and Xcel account transfer
13 August 2024 | 0 replies
The tenants power was shut off for non-payment and I need to put the account back in my name.Recently my HOA sent me photos of my rental townhome with a gas generator running in the yard and the electric meter missing and shorted out.
David Lutz
The Myth of Cashflow – and understanding how to reserve properly and model.
15 August 2024 | 86 replies
In addition, I hope you added it to your own aids--"city turn on water at meter (often unlock it) and leave it in the off position so as not to flood home".
Samuel Coronado
Developing a new mobile home park- Help
12 August 2024 | 6 replies
But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).
Brandon Bell
Lots of equity and cash flow...what should I do?
12 August 2024 | 8 replies
In the Seattle market, condoizing costs around 15K (survey, site plan, recording fees, legal fees, HOA creation and coaching from lawyer, setting up utility sub-metering if required).
Austin Powell
Tips for First REI/House Hack Deal
12 August 2024 | 10 replies
-Those utilities will be connected to the main residence unless you get new separate meters permitted and added.
Dennis S.
New Investor - Cash vs. Leverage for Duplexes (US Market TBD)
10 August 2024 | 10 replies
You want to be able to meter them separately where possible.