I have a quick question regarding my home. I am in the process of converting from electric heat to gas. I am changing a big closet to a utility closet. However, this closet is on my first floor and only my first fl...
Hey Everyone, I have pre-approval letters on a duplex and a triplex, and on the triplex, the owner pays all the utilities. The triplex is listed for $95,000 and brings in $2500/,month in rent, while the duplex is list...
Hello everyone, So, I have found a house worth pursuing. B- neighborhood. C multi-family. Cash flows very nicely. The draw back is that the owner currently pays for all utilities (electric, gas, heat, water, etc). N...
Would it be better for tax and insurance purposes to build a duplex or 2 separate units for rental income? Thanks for your input.
Curious about everyone's thoughts on this. 2020 was a weird year for so many reasons, but one result of the pandemic here in Chicago was a temporary decrease in Assessed Value of properties for the 2020 fiscal year. O...
Hi All,
I thank everyone in advance for their feedback. I own a three family in Portland, Maine. Just as a forward, I have read through the other forums on this topic (specific to Maine) and would still appreciate s...
All:I have a 90 year old duplex that is in very bad shape in a great location. Some roof leaks, questionable heat, foundation issues, etc. It's just really old and technically it might be livable, but that's about i...
Hi all,I am in the process of buying a second home and today received some news that is annoying. So we have had the home inspection done and have a closing date in June. One of the deficiencies the home inspector not...
Just purchased a 3-unit multifamily with a single boiler heating system. I'm changing over to mini-splits for both heat and A/C and I couldn't be more excited to put that cost with the tenants and give them control o...
So I have several older apartments and with the weather getting really cold, I've been getting some pipes bursting. None of the basements are well insulated and have no central heating. What do you guys to do keep the...