All Forum Posts by: Lee Gierszewski

@Mike B. I think i'm going to bite the bullet and add the AC. The furnace is the big thing here up north. If it craps out on me in mid November December, I'm at the mercy of whomever can come fix it before my pipes freeze up and burst.  I know my heating/air guy said he could save me some money if I do it all at once. It will also help with the forced appreciation down the road.

Thanks Scott & Thomas. The HVAC is already in place with the forced air furnaces so the only expense would be to add the AC units to the existing furnaces. The property is in a nice neighborhood and the upper unit has a window unit now, but to me it looks cheap. If it can get me $50/mo more per unit I think it's worth it. I plan on owning this property for quite some time. 

I just bought an over under unit duplex. One furnace is one year old, the other furnace is 63 years old! (I know right!) Neither of them have air conditioning. Would it be a good investment to add the AC while i'm getting the 63 year old furnace replaced? Will it help with getting more in rent or is that negligible?

I've got to give a shout out to my friend and possible mentor @Chris Knapp he's doing great things over in Minnesota and he's the one that sent me the link to this spectacular website. My drives to work have been great now since i get to listen to a BP podcast!.

Marc, mostly I'm just looking in the Bismarck/Mandan area. If you're ever in Bismarck, look me up, & I'll do the same when i get to Fargo. I'm looking into becoming a realtor as well, so any insight into that would be beneficial

Absolutely! count me in.

Hello everyone, I'm Lee. Here's a little about me and what I've been up to in real estate so far. 

I live in North Dakota and absolutely love it here. I've always loved working on my house and fixing it up. I've remodeled most of my primary residence from building a 16x20 deck in the back to installing kitchen cabinets, counter tops, flooring, doors, painting, texturing, sheet rocking etc. My hobbies include weightlifting and softball. I'm married with one adorable 15 month old daughter. I'm doing most of this for her, she's my "Why."

I am new to real estate, but I have jumped in, not feet first, but head first. I started looking for my 1st deal back in March of 2017. I made the leap and sent in an offer on a duplex at the end of April. Offer accepted. What a rush! Before I closed on this deal I made another offer on another duplex. Offer accepted! I closed on both duplexes in June. I currently have another offer accepted on my 3rd duplex and hope to close by the 15th of August. I was able to finance all these deals thru the misguided information of what my parents taught me. "Pay off your house as fast as you can!" I took the equity out of my house, (100k) refinanced from a 15 to a 30yr loan (payments went up $31/month) and used that 100k  to make the down payments on the duplexes. After all three properties are in my possession, I should be cash flowing around $1000/month. My plan is to not touch any of this money and just let it grow until I find the next worthwhile property.

The next step I want to go after is doing a BRRRR. I'd like to buy a fixer upper around December/January. Winters are cold here & I figure rehabbing a place by myself is going to take a few months. Peak rental season I've been told is around April-June so i'm hoping to plan accordingly.

I found BP by chance. I sent a snap to a new friend of one of the duplexes I just purchased. He responded "you own property?" I said yes, he told me how he has acquired some 40 plus properties in the last two years and BP has helped him tremendously.

If anyone has any questions for me, feel free to ask. I'm ready to answer and more than willing to listen & learn.