What do other investors typically pay for Water/Sewer/Garbage service annually for a property in Chicago.  I am specifically looking at 3 and 4 unit buildings, and I don't know how to accurately estimate these costs. ...

So I notice a lot of multifamily landlords I talk to seem to be paying for water/sewer/garbage. Is this normal? For example, a house is split into an upper and lower unit, each 2/1. The current landlord pays ~$190 a m...

Hi BP,

I'm getting ready to submit an offer for a HUD fourplex. They are all large 1 bedroom units. One bedrooms in this area are going from $400 to $500. I am guessing that water and heating was paid by th...

As I am sure most people are aware, we just went through some of the coldest days in Chicago's history. Many people had pipes burst and as I walked out of Home Depot this morning, everyone had pipe insulation, new cop...

Looking to purchase a 6-unit multi-family home. Current owner pays for propane heat for the entire property amounting to an additional 9.6k annually. We, of course, would like to switch over to a system where each ten...

I recently purchased a fixer upper that I will use as a vacation home. I won't be there in the winter and want to protect my water pipes. The plan is to remove the water meter each fall, blow out the pipes with an ...

Hello,My apologies if this topic is covered elsewhere. If so, feel free to point me to it. We are about to acquire a 10+ unit multi-family residential building in Chicago built c. 1970, and are exploring options for u...

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...

there is a house that went up for sale around the corner from where I work. I made an offer contingent on the appraisal and home inspection but the house is 15k.  The previous owner broke the house up into three rooms...

I'm in the market for a new electric water heater for a 5 bedroom home that sleeps up to 12. I'm willing to go down to 2 gpm for each of three shower heads. In the experience of the esteemed forum members here at BP, ...