New Year, new deal questions
1) What's the typical cost to install a furnace in the city/county? I'm looking at a house now where the seller already bought the furnace but hasn't had it installed yet. I know J Scott says around $1k-2k for a new furnace in his book, but it looks like that estimate includes the cost of the furnace in addition to the labor.
2) How much does being near railroad tracks affect rental prices? I found a house in the county that's right across from some railroad tracks, however other than that and the size (it's around 950 sqft for 2 bed 2 bath) it's got good stuff going for it (great neighborhood, good schools, close to amenities).
3) What's your typical cashflow threshold for a deal in Baltimore? I know Brandon Turner himself doesn't do anything below 12%, but is that reasonable for the Baltimore small family (2-4 unit) market?
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@Ken Swearengen I remember you posting previously in regards to looking for a property for you and your family. im guessing you plan on living in one side of it? how do you feel about it man? would you and your family be happy with the returns the property brings forth?
to be conservative, lets say your contractor was a scumbag and charged you 2,500.. would that actually make this property a bad deal?