All Forum Posts by: Jalen Wilson

Hey Jalen! Not sure if these would work but a couple of options. The best option in your case is probably a DSCR loan with 15% down. This way you wouldn't need to provide paystubs, W-2s, tax returns etc. You would qualify based on the potential rent of the property. Note that this is extremely hard to do with BRRRR deals since the rental amount you qualify for is for the property as-is and you would not be able to finance any repairs. Maybe not exactly what you were looking for, but maybe a way to get you into a property regardless.

From my experience, since tenants typically pay electric, they would directly pay for powering the window units versus a central unit which the landlord would pay for. The market could build this in to pricing but I honestly don't see much data to clearly support that. Another consideration is if all the current window units are the same age or if they are a mix of new and old.

A couple of things I'd consider...

1. ROI - what's the cost and will it improve your rents? Will it affect the ability to rent the units?

2. LA heat in the summer is fun.  Having centralized AC could be a big benefit to your tenant base which could improve rent.  

Make sure to do a good cost analysis and break even to see how long to recoup the cost.