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Updated over 8 years ago,

User Stats

38
Posts
7
Votes
Joseph Davis
  • Real Estate Investor
  • Ogden, UT
7
Votes |
38
Posts

Wall Heaters instead of forced Air

Joseph Davis
  • Real Estate Investor
  • Ogden, UT
Posted

So we are under contract on our first property.   The numbers look good and based on them we are looking at positive after-debt cash flow of $289/month.

Simultaneously we are looking at another property where we would be spending $7000 less in rehab costs but will cash flow for $230/month.  It's a cleaner unit but it has electric wall heaters instead of a tradition furnace.  

What do you think of small(1000sqft) 3/2 homes with electric wall heaters instead of traditional forced air? The only chink in the armor is the wall heater thing. My only fear is making sure that:

1. It would be easily rentable

2. Our lease agreements would be solid to make sure our tenants never hurt themselves, the property or sue us.  These wall heaters get really hot.

I live in Utah - so it's cold about 8 months out of the year - unless it just stays hot.  Those of us who live here know what I'm talking about :)

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