David B.
Dumb mistake - Dealing with utilities
Hi All, looking for a little advice.I started renting my house a little over a year ago. Everything went fine and they moved out when their lease was up, (well 15 days early but... they had paid for the month, eventu...
Jeff Brower
Water must be on for Fannie Mae to back loan?
Hello all,I am currently in contract on a HUD home that was not winterized and the utilities are off. There are breaks in the copper piping in the basement so the water cannot be turned on. There are no toilets instal...
Jordan Cortese
New Construction, good or bad?
Hi, I've heard before that for investors usually the idea is to run from new constructions. Can anyone explain why that would be? I'm interested in new duplexes being built in my area that start out base 100k+ less th...
Mark Gruetzmacher
Cost Basis before being in service
Ok my understanding is that repairs and improvements to get a property fixed up so it can be put into service as a rental are added to the basis of the property per what the IRS says. So with that said, I have a coup...
Andre Williams
Holding cost question
When the end buyer buys the property, they have to pay holding costs is my understanding, is that correct? If so and for how long?
And what if the end buyer wants to buy and hold the property and not fix and flip, ar...
Matt Kleczkowski
WAREHOUSE SPACE
Question for everyone out there in commercial real estate. My father owns a automotive repair facility in CT and wants to rent out his upstairs to a renter he already has in the back of his building. The renter is cur...
Lee V.
2 homes sharing one meter, how do I put this in lease contract?
hi allI'm renting a duplex that shares on meter. Can you tel me the correct wording to put in the lease contract to make sure this sticks? I want one tenant to pay 60% and the other to pay 40% of the electric bill. On...
Roan LaPlante
Utilities while renovating an apartment building for a long time
Hi,I purchased an old 6 unit apartment building in very poor condition which will require extensive renovations that probably will require some months to complete. I will need to completely redo the electrical wiring ...
Aaron Misiph
Resources for estimating water, snow/lawn, electrical costs?
Hello,I am wondering if anyone has any good resources for estimating these costs. Or seeing historical data of these costs, at least for water and electrical. Specifically in Clinton MA.Thanks,Aaron
Bill J.
Multi Family & the 50% rule
Does the 50% "rule" have a sliding scale? Obviously an older property will require more repair and maintenance than a newer one would. Is it fair to assume for older properties I had better budget 50% of monthly incom...