All Forum Posts by: Ryan M.

O ya, well that is definitely going to help you and possibly makeup for not having a garage.

What school district is it?

Blue poly service lines are eroded from the inside out. The material is broken down by chlorine in the water. Over the years it becomes brittle enough to break off, typically at the cement floor of the basement.

Homes that used the pipe from wells do not have the problem as there is no chlorine.

Can you sell it without having to bring money to close?

I have blue poly at two locations.

At one location we were already digging by the footer so I shut the curbstop off and spliced a piece of copper on the line about 5 feet from the building. Sawcut the floor and hooked the meter back up.

The other location I am aware it may be a problem but even with having commercial insurance they don't check it during routine property inspections. I know excatly where the curbstop is at this property and would shut it off after receiving the call. Insurance won't cover the cost of the new service line if it failed but like a lot things a person needs to be self insured.

Waiting for the City to come after work hours would add thousands of gallons of water in a basement.

Its certainly all market dependent and if the comps show it's a deal for area, go for it.

We are buying at 1.7% and up paying cash so we demand a discount price for that.

Like I said if it's good for your market and it pencils with realistic expenses, go for it.

If the rents can be raised that much keep it in your back pocket. Base the numbers on current rents.

Hopefully it will works out, good luck.

$1,500 month / 130k

Realtors say a lot of things on price but the only way to know is have a signed PA.

Your at 1.15% at those numbers its not worth my time. How are the windows, roof, plumbing, heating, etc.

The numbers can be played with anyway you like but when the rent to purchase price is that low it makes it break even. I'm not in the break even business, although a lot of people on here are.

As others have said the seats are messed up and will tear washers every time. The screw close valves are no good in a rental because people go to town shutting them off when it just needs to be snug.

I cut them out replace with a 3 handle delta faucet. Sweat it in being copper in everyone of my cases. Install 1/4" plywood access panel cut square and neat. Paint it the same as the wall and its not very noticeable even when not in a closet.

Replacing the washers in the old type is the definition of insanity. I cringe when I get a water bill already so these issues get my full attention.