Jorge Ruiz
REO/Pre-Foreclosure
29 April 2016 | 19 replies
It's very fluid and dynamic and things can change month to month.
Crystal Wilson
I need a second opinion on my first offer, please help:)
2 May 2016 | 15 replies
Besides agreeing with @Nate Wightman about the value of rentometer.com to find rental comps in the area, I always look at trulia.com, not for the value of the property, but for the crime heat map down the page a bit.
Samantha Klein
Painting electric heater cover
30 April 2016 | 6 replies
I think you need to use the high-heat appliance paint you would use for a stove.
Chris V.
Sub-metering a small residential building
3 January 2018 | 4 replies
If your units are not separated out so the plumbing, electrical, and heat has one loop per tenant, then it may be much harder to add submeters, although still likely cost effective.
Isuf Aruci
Buying my first duplex!!!
1 May 2016 | 3 replies
Hey Everyone, my name is Isuf Aruci and I'm about to buy my first duplex property in Bronx,Ny can any one give me some info on how to cut back on utility expenses (water,heat, and electrical) and is it possible to convert a 2 family that has a above ground basement into a legal Apt in the NY area.
Rob Riggins
What Should I Pay for this 12-Unit Property?
2 May 2016 | 8 replies
Asking Price: $525kRent Roll: ~$83kVacancy: 11 of 12 units currently occupied.Property Management: Professionally managed $5,340 annuallyRE Taxes: $4,608/yrInsurance: $2,800/yrWater/Sewer: $2,796/yrHeat (Gas): $7,657k/yr hot water furnished to all units, heat furnished to 9 unitsRepairs & Maintenance: $8,136/yr (my estimate)Capex: $8,136/yr (my estimate)Total OPEX: ~$39,500/yr (~48% of Gross Rent)NOI: $43,500 8.5% cap rateFinancing: TBD.
Michael Lauther
My thoughts on rehab, what would you offer,? your thoughts?
5 May 2016 | 5 replies
My rough estimates of rehab: new ac/heat (sosuthern FL), new tile floor throutgt , replace roof , kitchen and bath .
Casey Nordendale
How far is too far away to own rental properties?
11 May 2016 | 25 replies
You hate to send someone to fix the heat to find out the tenant doesn't know how to change the battery on the thermostat.... but that is the risk you take.
Robert Nason
Replacing through the wall air-conditioners
24 May 2021 | 14 replies
For $1000 a unit you could buy a ductless system that does heat and AC on eBay.
Jacob P.
Is this a healthy HOA financial statement?
7 May 2016 | 4 replies
So one way to look at it would be that without the repairs, they would have essentially broken even over the 2 year period.One thing perhaps worth noting though, is that this is an apartment building (as opposed to your townhouses), so the HOA covers things like the roof and the heat system....