All Forum Posts by: Jared Leonhardt

Most manufacturers will recommend that you braze the refrigerant lines not solder, due to the higher pressures of 410a.

If you think it's expensive for a professional to do it, wait until you hire an amateur.

Colleen F. I think it depends on the layout. You may want to heat the main living area with the heat pump and leave the electric baseboard in the bedrooms as mentioned above. Multiple units are also a possibility but it's starts to get pricey.

They heat very well. Most are 100% efficient down to 0 degrees. Just make sure it's raised off the ground either on a bracket or a stand. They won't work if they are covered in snow.

I am an HVAC Technician by trade so I drive ALOT. Recently I have started writing down addresses of vacant properties. I have found 2 so far just by passively driving to customers houses. After some research one was owned by HUD and the other had the owners names listed and also another name under "C/O". I assume c/o is care of. Does anyone know exactly what it means when a property has a name under c/o? I was able to track down one of the owners on Facebook. I haven't sent her a message yet but if anyone has any tips on approaching someone like this it would be very helpful. Thanks.

Thank you for the replies. That was the info I got from the initial phone call. I'm going to make a list of questions and sit down with the lender and hammer out the details so I fully understand the product. Then i can get cracking on finding my first investment property!

First Post! and working on my first deal! Quick back story. I built my first house four years ago. Lived in it for 3 years and sold for a nice profit. Bought a 113 year old house for more money than I ever thought I would spend on a house...and then completely gutted it to the studs and rebuilt. So let's just say I'm a little cash poor at this point. 

What I do have is a fair amount of equity in my primary residence. My plan is to use the BRRRR strategy on 1-4 unit properties due to my experience building, rehabbing and my background in HVAC. I'd like to use a HELOC for my down payment and rehab costs.

Watched the webinar last night and decided to get the ball rolling. Contacted my local credit union today inquiring about loans for investment properties. They offer a commercial loan for 20% down, 25 years. The rate locks in for 5 years then adjusts to the current rate and locks in for the next 5 years etc... The rate is 6-6.5% today in my price range. As long as I can prove that the property will be able to sustain itself and flow cash I will qualify. I can refi into the same loan after 6 months.

My question is if this is pretty standard for a property I won't be living in? Are there better options? Maybe it's a good initial loan to purchase but there is a better way to refinance? 

Any input would be greatly appreciated!