Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
1031 Exchanges
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply
My first deal!!!
Hi Friends!
In excited to announce I have my first deal under contract! I plan to BRRRR.
Here are my numbers:
113k purchase
20k down
15k in repairs (kitchen, 2 bathrooms, paint, flooring. About 1000sq ft)
Monthly expenses including mortgage, taxes, insurance, hoa etc: $950
Rents $1450/mo
So it feels like a good deal but here's the kicker, it needs a new furnace/ac which is a combined unit that is outside. I'm in Minneapolis area so this is unusual. I got one estimate for about 7k installed.
Do you have any experience with this and or know any hvac contractors in the Minneapolis or twin cities area?
Does this 7k seem high or fair? I was hoping to be around 5k for this.
Thanks!!!
Most Popular Reply
![Chris Johnson's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/476897/1621478394-avatar-christoffer_jay.jpg?twic=v1/output=image/cover=128x128&v=2)
Hey Amy, check out MAG Mechanical, and talk to Tom. He is the PM that will be able to take care of you best, I worked in the office for a bit and saw day in and day out the quality work they did. They will stop out and give free estimates, and work at earning your business!