Seperate Utilities Or No

Greetings everybody,



Im interested in an income property relatively cheap, with a very good gross income. but because of the utilites such as gas and electric, there is a gap of $15,000 between the gross and the net operating income. Does anybody have an idea of how much would cost to have seperate utilities for each unit .

Thankx everybody



SofianeCT

Comments(3)

  • Ebellis8th June, 2005

    Thank you LeaseOptionKing for your reply, the actual FMV jof the house is 55,000. and he will excersise his option within 6 months. How is the best way to structure this? Thanks in advance --EB

  • rbjj31st October, 2005

    Lease Option King,

    I have been reading alot of the post here about L/O , and was wondering when you say make the option and lease contracts separte, why is that. I am about to help my Son with one and need to know as much as possible.

    Thanks !

  • rbjj31st October, 2005

    Lease Option King,

    I have been reading alot of the post here about L/O , and was wondering when you say make the option and lease contracts separte, why is that. I am about to help my Son with one and need to know as much as possible.

    Thanks !

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