Boilers heating costs ruining my analysis
I’m starting the process of doing a 1031 where I’ll get about 300k to put towards the the next property. I’m really trying to get to the top in of my buy window (1.1m). One thing that I’m seeing it that large multi unit buildings beyond the 800k mark are all on a boiler and paying to heat the entire building ruins the numbers.
Is there any good rules of thumb to estimating the cost of a boiler?