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User Stats

7
Posts
5
Votes
Nick Sette
Pro Member
  • New to Real Estate
  • Pennsylvania
5
Votes |
7
Posts

Update on Triplex!!!

Nick Sette
Pro Member
  • New to Real Estate
  • Pennsylvania
Posted

Hello BP Community!


Update on the Triplex, I closed on the property the end of May. I inherited 2 tenants that stayed until July 1, they moved out with no issues and on good terms!

Since then I’ve begun to DIY the shower in the top unit, replacing the drywall and tile. This has taken me longer than expected but I’ve been enjoying the sweat equity and getting my hands dirty.

I plan to rent out the top and middle unit once the bathroom and other cosmetic issues are resolved . Next I plan to get a sub into my bottom unit as that shower has leaking issues as well but may be outside my realm of skill.

More update to come!!

User Stats

190
Posts
113
Votes
Karl Denton
Pro Member
  • Rental Property Investor
  • Mansfield, CT
113
Votes |
190
Posts
Karl Denton
Pro Member
  • Rental Property Investor
  • Mansfield, CT
Replied

Keep up the great work! You got it, sweat equity pays in the beginning for sure. Allows you to appreciate it and in the future be determined to have a more hands off approach, I enjoy some good sweat equity myself. 

User Stats

433
Posts
283
Votes
Matt Ziegler
  • Rental Property Investor
  • Colorado Springs, CO
283
Votes |
433
Posts
Matt Ziegler
  • Rental Property Investor
  • Colorado Springs, CO
Replied

Sounds like you are off to a good start.

Congratulations, enjoy the journey 

Cheers!

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