Replacing vs. Fixing HVAC

[David Yu]

Hello BP Members,

I'm proud to say that I have finally closed on my first deal and I am eager to embark in this journey of Real Estate Investing.
After closing on this 4-Plex I ordered an HVAC Inspection because one tenant started to see leakage from the ceiling and another complained that one of their bedroom was getting poor air flow.

The HVAC inspection result showed that I would need a complete HVAC replacement which will cost me close to $40K (10K/door), an expense I did not expect to incur. I am awaiting to schedule an inspection with 2 other HVAC contractors to get their take on it.

I'm hoping to gain some wisdom from some of you who might have been in my situation.

How did you deal with the situation? What other steps should I take to make the right financial decision?

Looking forward to see some of your reply!

Thank you,
David Yu