Hello, my name is Nate and I own a triplex in upstate NY. In October 2022 a utility company installed a telephone pole in front of a property I own. This telephone pole was driven through a sewer line and flooded the ...
Hi all,Currently working on first deal and still getting to grips with rehab budgets. I have my eye on a 3/2 (1400 sqft) but there's a few issues that need to be rehabbed. I was wondering if anyone had any advice on h...
People seem to expect their water heaters to last 10-15 years. Are you guys just letting it corrode as soon as the first anode rod is eaten up? How do you go through water heaters so fast?
My experience:Bought: March 2021, $64,900Sold: April 2024, $48,500 - $5,000 (agent fees/closing fees/etc) = $43,500Rental income (rents - expenses): $5,600Average annual returns: 2.9% (approximate)Net loss at sale: $1...
Hi, we had our HVAC go out just a few days before finishing our rental. The warranty company denied our claim because they said corrosion in the coil caused leakage which isn’t covered. They didn’t mention anything ab...
I stopped by a property today that is very distressed. I talked to the previous owner that gave the property away awhile ago. She does not think the current owner is going to do anything with it. It was an old conveni...
Hello,I have a row house in Petworth, DC that I will be purchasing for $405k, looking at ARV of $675k, and wanted to know how much I should be paying for Builder's Risk Insurance and if these are adequate coverage.The...
I see all these estimations and property calculations for 4 units that have an annual water bill of 1500$. Meanwhile my 3 unit has a 900$ sewer and water bill this month for the past 2 months!
What am I missing?
Hi Everyone,I'm looking for some guidance on my first small Multifamily renovation. My wife and I are house hacking a late 1970s triplex (3br/2ba for us, 3/2 and studio for tenants). We are currently under contract ...
I’m looking at A townhome which does not have an HOA. Is that an issue considering the unit shares common walls with units on either side? How would that work if there was a repair issue between those common spots or...