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Reason I ask is that in my market, most homes are on slabs. If the property has a garage, rent roll is not affected much compared to the homes with basements. I find myself like the idea of not having to deal with a...
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In my area there is a triplex for sale. Unfortunately I haven't seen the outside yet. However the siding and roof are new. This particular property is in a decent area and is fully rented. It has been off and on t...
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I have a 6 unit multi-family in Newark NJ and now looking at long term goals. Some of the units are in real need of updates. So figure as a tenant leaves will then update apartments Trying to assess costs of renova...
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I'm a newbie at real estate investing and am about to purchase an up and down duplex that currently has one HVAC system in place (but does have two electric meters already). Currently, the owner pays all utilities.Cle...
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Hi, currently have a house that I’m flipping that the boiler is shot. It currently doesn’t have any gas lines either. Would replacing with Electric baseboard effect my ARV a ton? It is 1,000 SQFT and located in the No...
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Is this too much? All units need replacement units (all inclusive down to the coils and wires). The quote was the following exactly :
Estimate to install new Surecomfort 10kw, electric air handler with
1.5 ton matc...
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Hi All,When i run the numbers on properties in Philly, if its a SFH, i usually don't include Water, garbage, electric etc. becuase that can be billed back to client: at least i think.Can somebody please confirm what c...
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Does anyone have any experience or suggestions about installing solar panels on a rental property? I am in north Jersey and just purchased a 2 family. Looking for ways to improve my investment.
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Trying to house hack a 4 plex using my va loan. I got financing covered. Think I used the calculator correctly but the results seem a bit too positive. Units are all rented out @975/ one renter is moving at the end o...
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Hi everyone. I would appreciate any feedback anyone can provide on my first rental deal. To me it looks like it satisfies the 2% rule.
The details are as follows:
-Purchase Price: 100,000
-Yearly Income: 29,500
-Y...