All Forum Posts by: Frank Agyeman-Duah
Frank Agyeman-Duah has started 27 posts and replied 136 times.
Post: My Listing not showing up on Vrbo
- Real Estate Agent
- Dallas, TX
- Posts 145
- Votes 42
Quote from @John Underwood:
Quote from @Frank Agyeman-Duah:
I listed my property on Vrbo and after 48 hours it was active and was showing up when I run searches using my city. After a day my property no longer shows up even if I filter all specific details. I contacted Vrbo and was told they have restarted my listing and it should take up to 24 hours before I get results. Have any of you experienced this before and if yes, how did you resolve it? Thanks
Never heard of that happening before.
Thank you anyways.
Post: My Listing not showing up on Vrbo
- Real Estate Agent
- Dallas, TX
- Posts 145
- Votes 42
I listed my property on Vrbo and after 48 hours it was active and was showing up when I run searches using my city. After a day my property no longer shows up even if I filter all specific details. I contacted Vrbo and was told they have restarted my listing and it should take up to 24 hours before I get results. Have any of you experienced this before and if yes, how did you resolve it? Thanks
Post: Installing Mini Splits Air Conditioner's
- Real Estate Agent
- Dallas, TX
- Posts 145
- Votes 42
Quote from @John Carbone:
Labor is in short supply now especially tradespeople. There are stories everyday now how people who used to make 50-80k working for someone else started their own business and are making 400K a year. This will slow down with the recession, but things really have gotten crazy. I know a plumber who won’t even do work for $150 an hour cash because he’s booked out working 7 days a week. call around to some other people and see what they say. If you are in a time crunch and you don’t feel you can do it yourself, then you’ll just have to pay the kings ransom quotes unfortunately.
I guess I don’t have a lot of options at this point.
Post: Installing Mini Splits Air Conditioner's
- Real Estate Agent
- Dallas, TX
- Posts 145
- Votes 42
Quote from @John Carbone:
He should be able to get all 4 done in a day. He’s providing no parts, so it’s strictly labor. Figure $100 to get out there and another $100 in labor for 8 hours you should be looking at around $1000 and that’s all profit (less gas money).
Yes, he’s providing no parts. He’s only charging for labor. He says the best he can do is $600 each.
Post: Installing Mini Splits Air Conditioner's
- Real Estate Agent
- Dallas, TX
- Posts 145
- Votes 42
Quote from @Frank Agyeman-Duah:
Quote from @Lewis Vine:
@Frank Agyeman-Duah I used to work in HVAC. Mini splits are notorious for leaking at the joints if not properly installed. Now it should cost an arm and a leg, but I wouldn't necessarily go for Joe blow, "I'll do it for $200" either, or you'll be getting a call in about four months because all the refrigerant has run out your lines.
Is it one outdoor unit and 2-3 heads? I'd expect to pay $1000 - $1500 to get them installed.
He'll need to set the heads, run the lines, hook up the lines, ensure a vacuum, pressure test, and release refrigerant, perhaps even adding some.
The contractor knows he's not making a ton of money, and even though his margins aren't there because you're supplying the units, he needs to factor in you calling him and expecting warranty service if something runs afoul.
Post: Installing Mini Splits Air Conditioner's
- Real Estate Agent
- Dallas, TX
- Posts 145
- Votes 42
Quote from @Lewis Vine:
@Frank Agyeman-Duah I used to work in HVAC. Mini splits are notorious for leaking at the joints if not properly installed. Now it should cost an arm and a leg, but I wouldn't necessarily go for Joe blow, "I'll do it for $200" either, or you'll be getting a call in about four months because all the refrigerant has run out your lines.
Is it one outdoor unit and 2-3 heads? I'd expect to pay $1000 - $1500 to get them installed.
He'll need to set the heads, run the lines, hook up the lines, ensure a vacuum, pressure test, and release refrigerant, perhaps even adding some.
The contractor knows he's not making a ton of money, and even though his margins aren't there because you're supplying the units, he needs to factor in you calling him and expecting warranty service if something runs afoul.
Post: Installing Mini Splits Air Conditioner's
- Real Estate Agent
- Dallas, TX
- Posts 145
- Votes 42
Quote from @Bruce Woodruff:
You need find someone else. This is not something you can do yourself.
Yes, I cannot do it myself. I need suggestions from people in the Atlanta area if they can refer a qualified HVAC technician. Thanks
Post: Installing Mini Splits Air Conditioner's
- Real Estate Agent
- Dallas, TX
- Posts 145
- Votes 42
My 3 bed basement unit is almost ready for STR. However, there's no AC and heat there and I have already purchased min splits air conditioners and an electrician has also laid the lines for me. It's been difficult to get an HVAC technician to install the mini splits for me. The only HVAC guy I got was charging sky rocketing prices. My property is located in Douglasville GA and will need suggestions to get the mini splits installed. Thanks
Post: 1031 Exchange and high DTI
- Real Estate Agent
- Dallas, TX
- Posts 145
- Votes 42
Quote from @Matt Devincenzo:
What specifically is making your DTI so high? One thing to consider is if the DTI is 50%+ because you intend to STR and the income is not included in the calculation. If that is the issue you may need to plan to LTR at least initially so that they can include the prospective rent to offset your DTI.
The other option would be a DSCR/non QM loan to purchase since they shouldn't be concerned with DTI.
Thanks for your input.
Post: 1031 Exchange and high DTI
- Real Estate Agent
- Dallas, TX
- Posts 145
- Votes 42
I have already started a 1031 exchange to sell my property and have accept a cash offer for same. Closing is on 4/7/2022 but two lenders are telling me that my DTI is over 50%. My fear now is to close and will not be able to meet the 1031 time limits to purchase a new property that I intend to use for short term rental. Need suggestions on how I can work around this.