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Nervous about first deal

Posted on: Mon, 05/16/2011 - 17:08
Nervous about first deal

Hi everyone,

I'm new to the site and just spent the last 2 hours reading articles. Just wanted to hear your feedback on the following:

Looking at a 3/1.5 townhouse with all electric utilities. Any idea how much the electricity bill will run up during the summer/winter? Water boiler is new and should run for $510/year ($42.5/mo). Each bedroom controls its own heat. The property is located in the Northeast so we have hot summers and cold winters. Thanks Smiling

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Posted on: Mon, 05/16/2011 - 17:21 #1
Think!

Contact the utility company and ask them for a years statement. How would anyone know the answer to your question? Ask the HOA if there is one, or managers??

Michael Mangham
MD Home Acquisitions LLC

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Posted on: Mon, 05/16/2011 - 18:07 #2
think again

ask some of the neighbors what their bill is

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Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Posted on: Mon, 05/16/2011 - 18:59 #3
Thanks

Thanks for the feedback guys, I will definitely look into these!


Posted on: Wed, 05/18/2011 - 16:37 #4
utility bills

if the place is occupied now ask them for 12 months bills- divide by 12 for an average

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Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


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