Austin Wood
Questions about 4 unit now newly 5 unit
We have the opportunity to purchase a five plex built in the 1940’s for 230k. They pull $2450/month in rent but the landlord pays water and heat. Taxes are $300/month. Two units have new windows, two units need new w...
Dana R.
Broken Fireplace- Would you fix it?
I have a gas fireplace in my rental property that is broken and the tenant wants it fixed, but would you fix it?For me there's two issuses:1) The cost of fixing the fireplace.When I got the complaint about the firepla...
Nina Davenport
Converting Large Old House to a Duplex
I am purchasing a house that was built in the early 1900's as a SFH. It has one boiler and radiators throughout. I want to meter the electricity separately, and, of course, the heat.I had thought of shutting off the...
Sara Abernethy
How low can I offer on a foreclosure?
I'm looking at buying a 2BR 1.5BA foreclosure that is listed for $79k. There are three identical units. Cash is required and I'm prepared to pay cash. I was able to see the inside. Some work is needed but less than ...
Shannon Brill
Use Ratio Utility Billing System for gas??
Hello BP! I currently own a duplex and have a question regarding using RUBS for gas usage. RUBS is already in place for water, but here's the issue with gas -- both units use gas heat (equal sqft), however only one ...
Marc Guillaume
Dual Fuel system in Massachusetts - oil and heat pump?
Just picked up an 8000sqft building in Western mass (7 apartment, 1 commercial space) that is heated by oil and paid for by the landlord. My partner and I are looking at creating a dual fuel system, where heat pumps ...
Spencer R.
need your expertise analyzing this 12plex
Hey everyone,
I have a potential deal I need some help with. I can buy an older 12 plex in a nice residential area (mostly sfh's on the street) for 560k. Gross rents are 75K/yr for 2013, with net after expens...
Robert P.
Separating Electric and Gas from Cottage Setup
Hi All,I'm looking at a 2 family property with a 3rd floor cottage set up (basically the attic converted to another apartment. Right now their gas and electric is hooked up to 2nd floor. It has it's own circuit breake...
Preston Quinn
Mini split heat pump in rental property thoughts?
Hey guys, Here is my situation. I have a house in a class c neighborhood. I am renovating it now. The house has updated 100amp service, and a oil furnace. I had a quote for swapping it over to a heat pump. For $4200 I...
John Casmon
Chicago "Problem" Landlord List
To my fellow Chicago investors, wanted to share that the city is now posting a list of "problem" landlords online. The city's rationale and list is linked below. Interested to hear thoughts on this from other people....