Robert Westenberger
Real estate rookie looking for advice on east coast (nj, ny, pa, ri, ct, md, dc)
6 December 2024 | 13 replies
If you can live for free and only pay utilities AND buy an investment property, that would be ideal in terms of savings and cash flow.If you can't stay and your parents want to make some money on that property, then yes, house hacking would be your best option especially since you don't want the best place in the multi.
Robby Sanchez
multi famiy underwriting techniques
6 December 2024 | 6 replies
Neither outcome is good for you.I give some approximations of each expense category in The Hands-Off Investor, but the best way to nail down operating costs is to look at the property's historical performance.For example, Contract Services and Utilities.
Tim Holt
House Hacking in Rhode Island
10 December 2024 | 6 replies
Look for properties with features like separate utilities and layouts that appeal to tenants.
Itay Heled
Anyone use Furnished finder leads of individuals for an entire house?
16 December 2024 | 18 replies
Furnished Finder does make it tricky since you need separate profiles for each room, but platforms like Apartments.com or Airbnb might work better if you're aiming for full-house rentals or structured by-the-room arrangements.If you decide to rent to multiple individuals:Tenant Screening: Screen each tenant thoroughly to ensure they’re reliable and responsible.Clear Communication: Introduce potential tenants to one another Detailed Agreements: Use separate leases for each tenant and specify shared vs. private spaces, utilities, and maintenance responsibilities.House Rules: Create clear, written house rules to prevent misunderstandings.Inventory Tracking: Document everything in the home (furniture, appliances, etc.) to avoid disputes about damage or missing items.Also, market your property with its flexibility in mind—like proximity to hospitals for traveling nurses or universities for graduate students.
Tom Pappas
Future Housing: An Analysis of Container Home Senior Housing
19 December 2024 | 8 replies
So utilities, roads, drainage, entries and other infrastructure costs are lower than in a suburban development.
Tyler Cobb
Mobile Home Investing
10 December 2024 | 12 replies
At the current price, adding the additional lots would make them about $30,000 per lot, depending on the price of the additional utilities that need to be added.
Ariel Nixon
Let’s Analyze This Deal $89,900 Purchase Price
6 December 2024 | 3 replies
Separately metered with tenants paying all utilities.
Suresh Ram
Where to find multi-family units and gotchas with multi family investing in Jersey
3 December 2024 | 7 replies
Are utilities paid by individual unit tenants?
Chris Gallick
VA company - Filam Reiva - review request
2 December 2024 | 26 replies
Quote from @Michael Galace: I'm utilizing their service, been with this agency for 5 months now.
Ben Berg
First Time Buyer with house hack!
3 December 2024 | 10 replies
If that's the case, you would charge rent + utilities + water or just lump it into one rent fee.One thing to keep in mind is that friends often bail on deals like this once you get it so you have to be prepared to have to figure it out if you get the house and he isn't interested.