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13 November 2018 | 9 replies
Here is the quick pros and cons on both.Gloucester: Pros - Good tenant pool, strong schools, most houses have public utilities, consider the more desirable area of Sicklerville by the local populationCons - higher taxes, pulling permits takes the full ~21 days, higher home prices, overall thinner marginsWinslow:Pros - Lower cost houses, rental friendly township, strong demand for rentals, slowly up & coming in certain neighborhoods, lower taxes, overall fatter marginsCons - Lots of C and D neighborhoods and lackluster tenant pools, poor schools, the more east you get the more well/oil/septic you find, considered less desirable area of Sicklerville by the local populationBy the numbers both GC and WT have similar rent rolls only off by $100 to $200 depending on the house type, therefore Winslow you will net more but have a slightly riskier houseAgain this is just a general view, you'll want to look at each sub-division as there are massive swings within each twp (Ex: Brittany Woods compared to Cobblestone in GC)
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2 May 2018 | 1 reply
Bathrooms, toilet rooms, closets, halls, storage or utility spaces and similar areas are not considered habitable spaces.Habitable space requirementsCeiling height-RequirementsR305.1 Minimum height.Habitable space, hallways, bathrooms, toilet rooms, laundry rooms and portions of basements containing these spaces shall have a ceiling height of not less than 7 feet (2134 mm).Exceptions:1.For rooms with sloped ceilings, at least 50 percent of the required floor area of the room must have a ceiling height of at least 7 feet (2134 mm) and no portion of the required floor area may have a ceiling height of less than 5 feet (1524 mm).R304.4 Height effect on room area.Portions of a room with a sloping ceiling measuring less than 5 feet (1524 mm) or a furred ceiling measuring less than 7 feet (2134 mm) from the finished floor to the finished ceiling shall not be considered as contributing to the minimum required habitable area for that room.Floor space- RequirementsR304.1 Minimum area.Every dwelling unit shall have at least one habitable room that shall have not less than 120 square feet (11 m2) of gross floor area.R304.2 Other rooms.
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2 May 2018 | 4 replies
Rent - taxes - insurance - utilities - maintenance.That's a good place to start.
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10 May 2018 | 8 replies
Credit cards to get people to spend as much as possible on china plastic to pump the consumerism market..Auto loans to pump the auto industry..
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11 October 2018 | 2 replies
I am looking at an older 6-plex to flip or BRRRR with shared utilities (master meter).
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30 April 2018 | 0 replies
Question for those with multifamily properties: My energy provider (Duke Energy) has always classified the "Master" accounts for my quads as residential meters. The Master account being the one that controls the hallw...
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19 October 2018 | 16 replies
Do a STR in a small town with a big industry.
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31 October 2018 | 10 replies
I haven't done this, but I work in the construction industry and I think it would be very easy to build a foundation to a height, just below the frame, and then jack the home down to transfer the load to the new foundation.
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1 May 2018 | 18 replies
And if you have an FHA loan the building has been vetted for any major structural or utility repairs.I don't know, can you think of a better one, not assuming he has a lot of capital, or housing experience?
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31 July 2018 | 45 replies
My point was look for diversification or stable industries when investing.