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31 May 2016 | 11 replies
Once you jump into multi-family, including duplexes, you're going to start running into more questions like who's paying what utilities, who is taking care of lawn or snow removal, etc.
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28 May 2016 | 7 replies
I'm assuming I should call now to get the utilities(water/sewer) in my company name with an expected start date.
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30 May 2016 | 6 replies
If possible get one on town water and sewer, underground utilities and paved roads.Check out the Start Here page http://www.biggerpockets.com/starthereLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.
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1 June 2016 | 4 replies
,I see a lot of listed properties that have one or more utilities in common.There was one in Caldwell that had Electricity shared between 2 units, and a lot of them have either water or gas shared between one or all units.Anyone have any experience in separating out utilities(Electricity OR Water OR Gas)?
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25 September 2018 | 22 replies
It was listed at 169,000 and we got it under contract for 157250 with 3,000 back for closing.It's a 3 BR, 2 BR single family w/ a partially finished basement.One of my exit strategies since I must live in home for 5 years in order to not have to repay the 20,000 grant - is to rent out then3 brs up stairs with private bathroom, and full house access for 1,000.I test posted an ad on Craigslist as was getting 1 person a day interested in it.I would live in furnished basement and after 5 years and 20,000-30,000 of mortgage paid down by the renters - hopefully sell for the market value or hold for my rental portfolio I am starting.It was hard to use the calculators for this because I was renting and living but I calculated 1400 expenses including 5capex 5% vacancy full landlord utilities and all that jazz.Seems like it would still cash flow $100 if you could rent it out for 1600-and break even for 1500.But I was more or less thinking of getting some instant squirt to pull out later in 5 years after sale or just in general to use for more deals.Also wholesalers in Rhode Island I am looking for you.
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19 December 2018 | 16 replies
I utilize a SD 401k, my partner utilizes a SDIRA and I have several clients that have these types of accounts as well.
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28 May 2016 | 2 replies
Can the cost to install a submeter for utilities be tax deductible?
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3 June 2016 | 8 replies
It just gets complicated with charging water as a utility.
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1 June 2016 | 5 replies
You will have the hassle and STILL sponsor utilities while it is not expected for this property type.
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28 May 2016 | 0 replies
I am also assuming that the utilities they are speaking of is water/sewer.