Utilities killing the deal
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