All Forum Posts by: Guytho Roney

Would a larger hot water heater remedy hot water running out because of usage?

 Yes I already figured on having to pay gas and water already making 2 units electric heat. But the hot water is limited that’s the main problem I’m looking to resolve 

I have a once triplex converted to a duplex that I’m turning back into a triplex . 
hope that didn’t get too confusing.

So I’m trying to figure out the best way to supply all 3 units with sufficient hot water in the most economical way of course. It’s gas heat and water which I know I may have to pay for unless there is a creative way around that as well.

Looking for some suggestions 

Just here to share and learn and hopefully make some worthwhile connections 

Been looking for something in this area will definitely be there

Investment Info:

Other buy & hold investment.

Purchase price: $198,000
Cash invested: $100,000

muti use building consisting of Deli, Laundromat, office space and 2 bedroom apartment

What made you interested in investing in this type of deal?

Great location and multiple ways to build and expand
great cash flow

How did you find this deal and how did you negotiate it?

Found the deal as a licensed Realtor and pitched idea to partners

How did you finance this deal?

financed through commercial mortgage

How did you add value to the deal?

added value by building out a full functional NY style deli/bodega on one side and updating already established laundromat on other side

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was the Realtor on this deal