Separate Utilities.Price Per Unit $45,833Gross Multiplier 5.05Cap Rate 13.42%Number of Units: 6Construction: BrickIncomeGross Income Rent $54,420Expenses Taxes 2015 $7,531American Water 1,332Elec. 0Maintenance 5% + Vacancy 5% 5,442Gas (heat & hot water or Oil- apts)0Insurance 3,210Est.

Because he is family we give him a discount rent of $800 heat/water only.

This forum is to educate and it's a fluid process, when I want to add things I say in addition to, you can also, start with this group first, I would like to add and so forth.

They were not hustling and it was a hot day, even by my standards and I love the heat. 

Boston proper is pretty over-heated on the multi-family front and in general but markets like Worcester, Lowell, Lynn, Lawrence, Chelsea and further out in Woonsocket, Hartford, Nashua NH, Salem, NH etc. still have some good deals.  

awesome message... sometimes it's hard to remember quotes like that in the heat of everyday life but i completely agree that focusing on the process as opposed to the results is the best chance you have at success. i'm not quite in my 20's yet (19) but I'll definitely be subscribing to your channel...my channel name is The Investor Diaries so once I subscribe you'll know it's me haha. definitely glad i'm adding more young real estate entrepreneurs to my network. 

There are 3 units that currently handle the heat for the entire building.

Recently had to walk from a 99k triplex due to a leaking heating oil tank buried next to the house.

If your house isn't well constructed, sometimes, on very cold days, the waste heat from an inefficient furnace is needed to heat the basement.

He told me that once a family of 4 showed up after he had waited 45 minutes past the agreed upon time in 110 deg Phoenix summer heat, with no call, no text, and no cell phone answered.