All Forum Posts by: Henry R.

@Sean Ploskina, thanks for the response. Did the link work for you? I used the BP calculator for all of the numbers., taxes, rents, furnace cost, etc.

I don't know if it was a single family before, however it is listed as a 3 family by the City, it has 3 electric meters for each apartment. Cost to split up from a contractor is 6k to 8k.

I've been looking in this area for a year and most decent properties are in the 90k range and up. This 3 family is in "very good" condition with new or next to new appliances.

@Ken A.

Thanks for your reply

  @Davon Lowery

I will check it, thanks!

Hi BP,

Please give me your thoughts on this 3 unit. It's in move in condition the asking price is 112K, it's in a very nice and clean area. Has 6 total bed rooms. 3/2/1 with a 2 car garage. One problem is there is only one heating unit ( gas boiler) I would want to install 2 hot air furnaces for the 2 first floor apartments. There is a basement

In my area ( and I've been looking in surrounding area's) it's hard to find low priced 3/4 unit property in b/c+ areas. The taxes are high in many of my local Cities, 6.5k is about as low as you can get while many other area's may be lower they are mostly 2 families or in very bad high crime areas for cheap property.

Thanks!

main st schnctdy

main street schnctdy

@Jennifer Clancy

 Do you have a lease with a late fee charge? If you do, send them a reminder that the rent is due on the due date and not after that date. If the continue to pay late. I would not renew the lease, give them ample notice and make it stick. Check with the laws in your area and a lawyer if things get to sticky.

Good luck

@Derek T.

 Great job!

Hi @Stephan Haas

Rich dad poor dad, for me was a great book. I always thought of my house as an asset, and while it's not bad to own a home it's better if it in fact pays you money instead of taking money out of your pocket ( investment property of course) that really opened my eyes. The whole tax thing can really make you mad if you think about it too much also. LOL

@Derrick Strope 

Congrat's on your first call. I have mailings going out this week I started with 400 for absentee home owners as well. I am looking forward to it.

I'm looking forward to hearing about your first deal! 

@Scott Rowsick 

I have been a free member for a while, I really like the unlimited use of the calculators they are very useful for me. Also It looks more serious to others.  As @Dustin Smith 

 said, the market place is a great way to boost your RE business, plus I caught it on a sale!

It's a small change I made for 2015 and It will pay off!