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All Forum Posts by: Vinh Tran

Vinh Tran has started 2 posts and replied 2 times.

Hello, 

I have a duplex in Minneapolis area that has 1 furnace. The bottom unit heat is good but the upper unit heat keeps changing up and down dramatically, 1 day would  be like 80 degree and other day would be like 50 degree. I've changed the thermostat for upper unit but the tenant can't adjust temperature. Can you 2 thermostats control 1 furnace? Does anyone has any idea how to fix this is?

Thank you

Post: Private Lending vs Convention Loan

Vinh TranPosted
  • Minneapolis, MN
  • Posts 2
  • Votes 0

Hello all, 

This is my first fix-and-rent property. I've found a duplex for $100K but it needs a lot of work, probably needs another $50k-$70k into rehab. The goal for this project is to implement the BRRR method to get to 2nd property, but I am not really sure how to start. The question is should I use private money lender to fund the $170k? and once the property completely fixed up and ready for rent I can refinance it at a local bank. Or Should I just go to straight a local bank for the loan and then refinance later on? Any advice on this would be appreciated it.

Thank you