I recently purchased a rental property. It is a four unit apartment building. There are only two electric meters, one of which covers three units and the other covers a single unit. There are three gas meters. One...
Hey everyone, I would like some advise on how to make my next investment and in what direction I should go please.Our primary residence has doubled in value from our low purchase price and renovations. Our lender tell...
I plan to purchase I new home within the next month and was planning on renting out 1-3 rooms to future friends/tenants. I’ve done a little research regarding tax deductions for the portion I am renting out but was lo...
Just curious for anyone that has done some development work, if there are any basic numbers to follow for bringing in electric and phone? I will not be bringing in sewer or water so only the two utilities.
Will th...
Hi to All,I’m looking for advice on Utilities not paid (Ontario). I have a currently financially struggling tenant occupying my rental unit. The lease agreement indicates that they are to pay the hydro and gas utiliti...
Hi,
I am looking at a four unit property which was built in 1926. The owner furnished the following:
Sell price 130,000
Rent- 23640
Operating Expense- 11315 - (Gas 3852, electric - 4260 Tax and Insurance 3200)
Net ...
The sale of our property is in contract, the house has been empty. Closing will not occur for 6 weeks - All utilities are currently on but wondering if I should turn off Gas & Water since the house is vacant &...
Hello BP fam!Is there a way for my non-english speaking father (Polish) to utilize the power of Bigger Pockets and its forums? Specifically he is looking for a partner to purchase an Airbnb property in Florida (nearby...
Hi everyone, I have a question that I would appreciate hearing back from the BP community.Would separating the utilities in a duplex, add any value, or be a good move for a duplex I’m thinking of purchasing, cost arou...
I am trying to see what ways would be best to utilize the home equity I have in order to make some plumbing and electrical improvements for my primary residence. I have just under $100,000 in home equity (based on an ...