Byron Paille
Have package deal for 5 home, need financing
I have an opportunity to buy 5 homes as a package deal. Agreed to 365k on a 440k price. 2 with renters, 1 ready to rent 2 needs final finishing to rent. How do I get this financed. I do not want to do 5 closing on 5 h...
Josh Wallin
Dedicated REI bank account
Can anyone offer advice on how/where to set up a dedicated REI bank account(s)? Should I ask about high yield savings accounts or just keep all REI cash flow in a separate checking account? Does each property need its...
Account Closed
duplex - utilities are not seperated, so landlord stuck paying. cost for seperate meters?
im looking at a small duplex thats for sale, deal looks good except the current landlord pays utilities because they are not seperatly metered. have you ever had to get units seperatly metered for gas, electricity and...
Brandon McCombs
structuring accounting and tax receipts for single dwelling with multiple addresses
Hello,I'm closing on my 2nd property next week. It happens to be a 9 unit building, 2 units of which are commercial. It is situated at a 4 way intersection. The 2 commercial units have their own addresses (313 and 317...
Meghan Cheek
To gas utilities or not?
Hi all,
I currently house hack an upstairs/downstairs two family home, about 1650 SQ ft total with separate gas and electric meters. It has two gas hot water tanks and one boiler (dual zone heat), so the tenants ups...
Account Closed
Split Level Rented Like a Duplex Strategies
Hello BP,
Does anyone have any experience renting a split level home separately like a duplex? I can think of numerous reasons why it wouldn't work but I wanted to see if anyone has. If so, what was your su...
Roy C.
Bank Account Allocations
Hello BP. Hope everyone had a wonderful holiday. One of my NYR is getting more involved with REI and BP forums, so here it is.How do you guys manage your REI bank accounts?From what I understand from previous discussi...
Clarence Smith
Purchasing a Triplex which only has one Oil Furnace
Hello,I will be closing on a triplex (3 unit home) in Philadelphia in one week. Currently the utilities are not separated. The entire home has one fuel burning furnace in the basement. I plan to get at minimum the ...
Eric Andersen
Insurance for two houses on a single lot - both rented
Hi there, I purchased this investment property a year and half ago and had it as my primary residence for a while. I had one insurance policy for both the front house and back house. The back house was listed as a sep...
Tim Adams
Setting up bank accounts
Hey everyone, my question is in regards to setting up bank accounts for properties. I am a new investor who is hoping to jump into my first multi family purchase this year, the question that I have is when buying prop...