All Forum Posts by: Isiah Ferguson
Isiah Ferguson has started 66 posts and replied 315 times.
Post: Rentals in not the best areas?
- Investor
- Charlotte, NC
- Posts 320
- Votes 157
You have to know the area, that you invest in. Some of these "bad areas" or whatever aren't so bad. You have to maneuver through and understand the difference between the potential bad tenant and the hard working dad and mom who trying to make ends meet too take care of their family. There are good people who do not have the qualifications to get a higher paying job and sometimes it will compromise your current living situation. There can be a terrible complex with "bad tenants" but around the corner in the same neighborhood their can be pretty good units with great people who is striving to do the best they can to survive.
Post: ENTIRE AC unit needs to be replace. Wiped out ALL cash flow ??
- Investor
- Charlotte, NC
- Posts 320
- Votes 157
Originally posted by @Anastasia Jordan:
Originally posted by @Isiah Ferguson:
Originally posted by @Brian Ploszay:
That sounds expensive if it is a smaller building. Get more quotes.
It's. 2/1 900sq
3 window units from Home Depot.
ANY great ideas for Heat. The winter time is approaching.
Post: ENTIRE AC unit needs to be replace. Wiped out ALL cash flow ??
- Investor
- Charlotte, NC
- Posts 320
- Votes 157
Originally posted by @Shawn M.:
@Isiah Ferguson it easily has the capacity, you will just need to keep the doors open to get the airflow to each room
Keep in mind, this is a low end rental in a D/C- area. I think the Ductless splits would be perfect, especially the unit being so small. I don't mine doing window units but Ductless would look much better. At lease it has a more modern feel too. Let hope this work out great. New investors problem/ Mom & pops issues. Wish me luck.
Post: ENTIRE AC unit needs to be replace. Wiped out ALL cash flow ??
- Investor
- Charlotte, NC
- Posts 320
- Votes 157
Originally posted by @Jason D.:
Would the ductless be able to cool and heat living room and both bedrooms ? or should I place 1 in each of the rooms ?
Post: ENTIRE AC unit needs to be replace. Wiped out ALL cash flow ??
- Investor
- Charlotte, NC
- Posts 320
- Votes 157
Originally posted by @Shawn M.:
@Isiah Ferguson, The house is only 900sf, you can go with a couple of window units until you can get a price you like. Also you should consider a mini-split ductless system. You can order them online from www.alpinehomeair.com or acwholesalers.com. They are under $1500 and you can install 95% of it yourself if you are handy. You only need a tech to do the final pressure check, but even that is something you can do yourself.
I think ductless will be the way to go. The unit is 900sq 2b/1b. If I place the Ductless in the living room, would it reach both bedrooms or do you think I should buy maybe 2 ?
Post: ENTIRE AC unit needs to be replace. Wiped out ALL cash flow ??
- Investor
- Charlotte, NC
- Posts 320
- Votes 157
Originally posted by @Matthew Paul:
Its 30 years old , its time . So it wipes out a years cash flow , it would have happened sooner ot later
YES SIR. Either way is has to be replaced. Brand new or used unit to replace. ?
Post: ENTIRE AC unit needs to be replace. Wiped out ALL cash flow ??
- Investor
- Charlotte, NC
- Posts 320
- Votes 157
Originally posted by @Tyler Brown:
Feel free to get some more quotes, but that doesn't sound too unreasonable. I recently got two quotes (one at $8k and one at $8.6k) to replace my air handler, condenser unit, and all the ductwork on my central AC system in my home.
It's just something you have to factor into your expenses. Like how you may set aside $X amount every month for CapEx, some months you may not have any costs at all, other months you may run into a big one. The good news is the new unit should last you a couple of decades.
Absolutely. Should I get a brand new unit or should I get something used. It is a rental. I'm thinking brand new because of the warranties etc
Post: ENTIRE AC unit needs to be replace. Wiped out ALL cash flow ??
- Investor
- Charlotte, NC
- Posts 320
- Votes 157
Originally posted by @Brian Ploszay:
That sounds expensive if it is a smaller building. Get more quotes.
It's. 2/1 900sq
Post: ENTIRE AC unit needs to be replace. Wiped out ALL cash flow ??
- Investor
- Charlotte, NC
- Posts 320
- Votes 157
I just found out the AC unit needs to be replaced. The unit is 30 years old prior to the tenant being evicted it seem to work good. I got a quote from the ONE HOUR ac contractor and he said it'll cost 6k-8k to replace the Air handler, heat pump and entire wiring. This Cap EX is completely wiping out 1 yr of CF. What can I do ? Any suggestions \.
Post: Looking to house hack to avoid...
- Investor
- Charlotte, NC
- Posts 320
- Votes 157
Hey BP fam.
I brought a duplex in a C- neighborhood almost 1 yr ago. I brought the property for cash. I inherited tenants on both sides. I had to evict the tenant in unit A about an month ago. The process was a good learning experience overall. On the other hand, I've been renting this entire time. Now, that I have a unit vacate me and my wife are considering moving in (House Hacking) the other unit instead of renting and renewing our lease here at our complex. If we live in the vacate unit we will be rent free. We will have opportunities to save more or travel a little because its something we always wanted to do. I just feel sorta weird because the tenant in unit B lease is going to end soon and we have to renew. Also she thinks I'm just the property manager and now that I'm considering moving to the unit. We must meet to discuss lease renewal. How should I mention I'm considering moving to the vacate unit ? or I'm just thinking to much into it. I just want the transition to be smooth...