Out of state

[Marcello Oliveri]

Hey everyone, I was wondering if anyone can help. I live in California. I found a 12 unit 2/1 apartment in Tennessee that I'm thinking about purchasing ($600k). I have 2 questions 1. What are the suggested estimates for water and sewer costs in RI for multifamily buildings in Tennessee (Cookesville)? What is the estimate based on (Ex: number of bedrooms, number of tenants etc..) 2. How do I find this out for any city I'm thinking of investing in? In case a better deal comes up in another city. Thank you!

[Brent Coombs]

@Marcello Oliveri, I believe you should develop your "local boots on the ground" team BEFORE putting in Offers, rather than just trying to find value here, there and everywhere (unless you've already developed teams in ALL those out-of-state areas)!

You've asked very good questions, but there's a LOT more to consider before leaping in! My 2c...

[Roger Poulin]

Ask the local water district, co-op, or agency.  There are hundreds in this state and prices are all over the map.  As part of the purchase contract, you should get a information release. 

If you are not under contract yet, ask the owner to disclose utility costs.