House hack renovation ideas

[Robby Sanchez]

Hey everyone, I am currently house hacking a duplex and I am planning for my 20 year old HVAC to poop out soon. I have some options. I can pull a HELOC on my investment property in KY, pay outright with cash or finance through the installation company. If I pay with cash it will take up most of my money that I have set aside to perform renovations on the property. Any input on which route I should take? My credit is pretty good and the ARV isn't astronomical but it's not bad either. This isn't a fix and flip. It's more of a longer term BRRR and a learning expirience for me. The property is in central TX. Also, would you suggest only replacing the HVAC on one side? Or should I just do both? And which side should I replace and why? TIA

[David Ramirez]

Have you thought about applying for a 0% interest rate, 12-month credit card such as the Ink Business Cash® Credit Card? Financing with the HVAC company usually comes with hefty costs and interest rates. I would keep cash reserves in a money market fund that gives you 4.5%, and take out a 0% interest, 12-month card so you can pay the minimum each month without interest.