All Forum Posts by: Brandon Wong

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I figured as much. Mine is a basic install where air handler is inside the house + condenser is right next to the house.

 Got it thank you so much for the tip!

Hello everyone,

Trying to repair an AC unit with AHS and it's a huge PITA. The contractor working with me said that AHS will reimburse only 2.5k if I decide to replace my system. The price they're quoting me sounds suspicious here are the details:

AC Replacement Summary:

- 2 ton 14 seer Goodman AC + install for 7.9k

- Comes with 1 year labor maintenance + 10 year parts maintenance standard with competitors

- The issue I'm having is the AC unit only cost 2k where the hell is the extra 5.9k coming from 1 days work???

House Summary:

- Duplex AC replacement for only 1 side

- Around 850 sq ft per unit

 Received, definitely a lesson learned. Thanks for the information Nathan!

Hello All,

A seller accepted my offer on a duplex. Currently both units are rented out and I would like to live in one of the units to get the best financing option available.

Does anyone have a recommendation on the best way to live in one of the duplex units when both units are currently occupied?

I was thinking of the following options:

1) Pay X amount per rent for tenants to move out

2) Live as a roommate for a large reduced rent while the tenants is moving out or until lease is up

3) Figure an alternative way to make the property my primary residence, maybe living in a trailer in the backyard?

All advice is much appreciate in advance!

Thanks,

BW

@Tyler Gibson

Hey Tyler, I appreciate the headsup I'll see if I can get in touch with him!

Bump

@Juan Pardo

Ah, I did not consider the liquidity effect on housing that essentially forces the owner to pause, think, and review before selling their home at a cheaper price. This lag/delayed time in selling their house will give them time to ride out a short sell-off in real estate.

Thanks for the insight.

Straight to the point summary:

I'm about to purchase a 3-4 bed & 2-4 bath house in Orange County area. I'm looking into leasing on a room by room basis. A property manager advised me against leasing on a room by room basis (something about not being able to have multiple leases on one property). Apparently, it's extremely difficult to evict a person even if I am living in the property. Does anyone have experience with having/leasing to roommates in their primary house? Are there any tips/advice they can share?

I have also reached out to multiple RE lawyers to try and set up a consultation appointment, does anyone here have any questions that would be important/helpful to ask an RE lawyer? I will document/take notes on my session and share with the community.

Assumptions:

My target demographic: College students/young professionals

Sweat Equity: I am willing to work on the weekends and weekday evenings

Time Horizon: 5 - 10 years

Objective: Financial Freedom at the fastest rate with the most conservative risk level. Willing to sacrifice quality of life in my early 20s for financial freedom

Questions for asking a RE lawyer during my session:

If you have a question that you would like to ask an RE lawyer please follow the question guideline below so I can organize my questions to make it more efficient during my session:

Questions to the Lawyer:

What is the objective of the question?:

How will this question benefit the BP members by knowing?:

Detailed Breakdown of My situation:

I have saved up enough for a 20% down payment + some reserves to purchase a property. I've been looking in Orange county; but I have found it extremely difficult to find a SFH property that CF more than 1k (1 tenant in each bedroom and at the avg cost of rent in the local area) on my local MLS.

I am open to moving to different cities within FL, in terms of life style I can live like a college student/spartan in order to get a higher ROI on my investment. I have no problem with renting out the master bedroom and living in a smaller room. I'm fortunate enough to have a job that I can work from home for now; however, after the pandemic I will be traveling Monday-Thursday (Consulting Job) so I am expecting to use a property management company down the road.

My goal is to have the most CF positive (+1k CF preferred) and tenant proof house in the neighborhood. I prefer to not live in the ghetto and I have been exploring other ideas like purchasing a trailer and living in the backyard while fully renting out my house.

Questions:

What are some good areas to look for house hacking properties in?

- I was looking into Tampa/Clearwater/St Cloud area as substitutes

What are some things I need to look out for while house hacking?

- I noticed in previous posts that I need to familiarize myself with zoning??

Are there any good tips to tenant proof my house?

Thanks to everyone that has read to this point. I'm very thankful that I have found this community that I can be a part of.

Warm Regards,

BW