All Forum Posts by: Isiah Ferguson

Keep in mind, this is a low end rental in a D/C- area. I think the Ductless splits would be perfect, especially the unit being so small. I don't mine doing window units but Ductless would look much better. At lease it has a more modern feel too. Let hope this work out great. New investors problem/ Mom & pops issues. Wish me luck.

 Would the ductless be able to cool and heat living room and both bedrooms ? or should I place 1 in each of the rooms ?

 I think ductless will be the way to go. The unit is 900sq 2b/1b. If I place the Ductless in the living room, would it reach both bedrooms or do you think I should buy maybe 2 ?

 YES SIR. Either way is has to be replaced. Brand new or used unit to replace. ?

 Absolutely. Should I get a brand new unit or should I get something used. It is a rental. I'm thinking brand new because of the warranties etc

It's. 2/1 900sq 

I just found out the AC unit needs to be replaced. The unit is 30 years old prior to the tenant being evicted it seem to work good. I got a quote from the ONE HOUR ac contractor and he said it'll cost 6k-8k to replace the Air handler, heat pump and entire wiring. This Cap EX is completely wiping out 1 yr of CF. What can I do ? Any suggestions \.

Hey BP fam. 

I brought a duplex in a C- neighborhood almost 1 yr ago. I brought the property for cash. I inherited tenants on both sides. I had to evict the tenant in unit A about an month ago. The process was a good learning experience overall. On the other hand, I've been renting this entire time. Now, that I have a unit vacate me and my wife are considering moving in (House Hacking) the other unit instead of renting and renewing our lease here at our complex. If we live in the vacate unit we will be rent free. We will have opportunities to save more or travel a little because its something we always wanted to do. I just feel sorta weird because the tenant in unit B lease is going to end soon and we have to renew. Also she thinks I'm just the property manager and now that I'm considering moving to the unit. We must meet to discuss lease renewal. How should I mention I'm considering moving to the vacate unit ? or I'm just thinking to much into it. I just want the transition to be smooth...

@Deborah Pyburn Thank you, you're absolutey correct. I barely ever gave owner financing much thought. I always looked at cash purchases and bank loans. I definitely will research this more. Like, where do you find owner financing properties ? is this something I have to market for ? If you don't mine me asking, what's roam do you invest in ?

Hey BP fam.

I'm looking for a great person with an great W2/DTI too purchase our next investment property. It doesn't which state the property is in but as long as the numbers are right. I have 10k just sitting in my bank account. I can't purchase anything myself because of my DTI and the bank won't loan me much. If anyone is interested of building and planning something, feel free to PM me.