All Forum Posts by: Travis Frenchak

Please correct me if I am wrong but couldn't you offer them full price and have them pay to convert all the utilities to public after the closing? That way you are alleviating your concerns for the utilities and your numbers still stay the same. 

Not to be rude but if you don't know what you can do with $10k then you probably haven't educated yourself enough. 

That said, a partnership may be in your future. I would also say finding a partner/investor depends a lot on what kind of experience you have. Obviously not real estate investing experience but maybe a business or construction background? Possibly owner financing. Have to be creative! 

For those investing in buy and holds about 2 hours from where you live, do you use a property manager or manage them yourself? I live near Pittsburgh but have considering investing around Cleveland which is about two hours from me. Just wanting to get a feel for what everyone is doing. 

I agree with @Jonathan Bonck , definitely don't want to jump in too early and have your first purchase to more of a headache than its worth. 

NIck, he said the line was damaged out in the street. The clog was in or very near the building though and works well now. We shall see what the future brings.  

Yes, our regular plumber is great. Very reasonably priced and easy to deal with. He just didn't have a pump truck or a camera. 

The property consists of 3 residential units upstairs and our laundromat downstairs. A while ago we started to smell dirty water. Initially we thought there was a busted pipe for the washers and water was leaking out somewhere and sitting. Well, we were partly correct. However, it wasn't a drain for the washers but a sewer line that was leaking. It was leaking into an area underneath the stairs leading up to the apartments and just sitting there smelling the laundromat up. Im sure customers were not pleased. 

Once we found out where the water was sitting we had a "large" company come out and pump the water. The same company came out and ran a camera through the line. This guy was a fast talker and just wanted us to pay them their money to dig up our property and out into the road to replace the whole sewer line. 

After that we had our normal plumber come out and run a snake aaannnndddd problem solved. Turned out to just be clogged up. 

Point of the story is always make sure to get multiple opinions and try everything cheap first. Instead of a $15,000 bill, we got away with about $600. Three hundred for the pump truck, one eighty for the camera and about one hundred for the snake. 

Hi guys. Ive been reading for a while but never introduced myself. I am from Butler, Pa which is about 30 miles north of Pittsburgh. Currently I own and operate three quick serve restaurants as well as a laundromat with five apartment units.

I am interested in single family homes and multi unit properties. I am looking to investing more toward the Pittsburgh area as it is slim pickings in Butler. I am also always looking for another laundromat!