Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

313
Posts
68
Votes
Tim Kaminski
  • St. Petersburg, FL
68
Votes |
313
Posts

Looking to buy first triplex!

Tim Kaminski
  • St. Petersburg, FL
Posted
Hello! Looking at a triplex in St. Petersburg, Fl. It is a main house with an attached duplex on the back end. 2 questions. 1. Seller said we can view the main house, as it is vacant, but said we can only view the occupied duplex after an accepted contract. I understand they do not want to disturb tenants but does that seem weird to anyone else? My realtor said it wasn't totally uncommon but you would think if I were to make such an important decision, I would be able to see exactly what I was getting into beforehand. I realize I can back out during due diligence, just curious what you all thought. 2. It is a triplex but the main house and first floor of the 2 story duplex are connected on same electricity. This is something I would obviously want to separate as seller currently pays both electricity bills and I would want to avoid. The exterior shows 2 working electricity meters and a shell of a third meter, meaning it has the basic design but clearly not hooked up. Does anyone know roughly how much it would cost to separate electric meters? Again seems weird that it is a triplex but only has two electric meters. Hungry for your thoughts! Tim

Most Popular Reply

User Stats

313
Posts
68
Votes
Tim Kaminski
  • St. Petersburg, FL
68
Votes |
313
Posts
Tim Kaminski
  • St. Petersburg, FL
Replied

Colin Mooney Stephen Anderson Thank you for the responses! I guess it makes sense, just new to the process.

Agreed. I think separating the meters would make more sense long term. Less work and less chance of possible arguments.

Loading replies...