Utilities killing the deal

[Maunik Desai]

Hey Fellow Investors, I am just starting out and looking to buy a Fourplex with an FHA loan to househack and get the ball rolling. The deal is a 2% deal in a C class neighbourhood within 2 miles of walmart and other usual big box stores. The problem is the utility (landlord paid) is 7000$ !! Which is killing a otherwise perfect deal. Can anyone suggest some creative ways around this? I do not think i can raise the rents (maybe 25 per door) But that still wont cover it. Thanks Nick

[Caleb Heimsoth]

If that includes electric and gas you’d have to sub meter most likely. Water and sewer are sometimes covered by landlord no matter what. Just depends on the area