All Forum Posts by: Nick T.

I just bought a 4-unit apartment building. Landlord pays for water, tenants pay for power. There are 4 water heaters for the building.

I found out that the washing machine is hooked up to one of the tenants water heaters, so he is paying to heat the water for all of the tenants doing laundry. This isn't fair, so I need to get it fixed.

I'll try to meet a plumber on site next week, but I'm looking for some advice/recommendations on a solution. The washer is fairly old. I'm not sure how many gallons it uses per cycle, but I can do some googling to find out. I am looking for an economical, but low-maintenance solution for a water heater. Is a tankless a good idea? If not, what gallon capacity in a standard water heater is sufficient? How do you heat your washing machine water? Any suggestions and/or recommendations are appreciated.

Thanks all!

come to @Joe Fairless's next monthly meetup. Last Tuesday of every month.

https://www.biggerpockets.com/forums/521/topics/205197-cincinnati-biggerpockets-monthly-meetup?page=7

I'm a Monroe resident and can refer you to a great local agent as well. I'm currently searching for a multi-unit, which are pretty sparse in this part of town. I think SFH would be a great investment in the area, but don't take my word for it as I'm still pretty green to REI.

Congrats, @Joseph Cornwell! Hoping to find some opportunities and make a deal on a similar project within the next few months. Thanks for sharing.

Hi Cory, starting out as well in Cincy. Looking for my first flip deal. Would be great to track each other's progress.

Nick

Hi, also in the Cincinnati area. I started researching last year, but twins entered the picture and RE investing took a backseat. Now, looking to get back into it, network, and flip a property.

Thanks @Brad Davis! 

Thanks for the welcome @Jamie Harris , @Larry Fried , @Brian Johnson , @Chaz Reid , @Dave Visaya , @Darrin Carey , 

@Timothy Murphy III . Hopefully, I can provide some value to you all. I look forward to networking in the future.

Nick

oops! Double post.

Thanks @Tim G. ! I'll definitely look into it. Wouldn't mind meeting you some time too.  I'll keep in touch.  Thanks for reaching out!