All Forum Posts by: David K.

Bob-

What would you estimate those to be?

I listed core expenses.  See above

Hey Guys-

Let me know your thoughts.  7 units, all one beds.  In good overall shape,  lots of hardwoods.  All separate heating systems installed in 2014.  Parking for each unit and building is in a very good area.  Price is 340k. Putting down 68k. I'm looking at rents of $4750, which are low.  Market rents would bump this up to $5250.  Mortgage, tax, water, sewer, trash, utility, snow plowing combined cost is $3250.

Yes or No?

For resale wood all the way.  There's just no comparison.  Personally I've done both.  I'd price it out.  If its close go with wood.  If you're only talking about a couple rooms do the allure vinyl.

The 3 unit building I have barely gets any use out of the coin op....then again there's a laundry mat 100 yards away, so I figured I'd bring this to the forum!  Thanks for the responses.

The main thing is the new house meter.....

Generally how much are you taking in a month....  Thinking of upgrading a 3 family I have, but with the coin ops and electrical work, I'm figuring about 5k total to get going.  Trying to gauge if its worthwhile....

Any idea of ballpark cost for this?  Currently I don't have a house meter.  Would like to be able to run an electric dryer. 

Thats a nice monthly return.  I'd only sell if you had something else to put it into.

Tenant turnover is expensive.  I'd rather keep someone paying below market value if I've got a gut job on my hands if your only talking about a small amount of money.