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All Forum Posts by: Brian Mathews

Brian Mathews has started 2 posts and replied 744 times.

Post: Who's Name Should Rental Utilities Be In?

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389

Here in Texas, its the person's responsbility who lives there, no matter who owns it. If you don't pay the bill, they turn the utility off. If you move out and don't pay it, they come after whose ever name it's in. It's in that person's social security number.

Post: Wholesaler said $3k to install HVAC?

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389
Originally posted by Patrick L.:
That's definitely low, I'd recheck his numbers on the other repairs too as that's a red flag.

I can get a 3 ton system and the line set installed for right at $2k.....but that's replacing an existing system (generally something that was stolen) . The majority of the labor for a new system is running all the ducts and cutting in and there's a surprising highly material cost for all of the ducts, boots and grills. If you can find an individual and not a large company you could probably get done as low as $4k but I'd expect most bids to come in higher than that.

$2K for a system with lineset? That is cheap. A lineset runs me $225 alone. I'm not sure how your contractor makes any money. I've got certain margins I have to maintain just to survive, much less profit. A lot of guys in this industry work for wages though.

Post: Wholesaler said $3k to install HVAC?

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389

I'm an hvac contractor in Austin and $3000 is way too low unless you're using stolen equipment and old materials. You'll have $3000 into the equipment, copper, materials and labor alone. Not to mention leaving any room for profit. I would imagine somebody got the equipment somewhere they shouldn't. Which when a part goes out and somebody tries to warranty, it will show up then. They use the serial numbers as tracking for everything. They can tell you who bought it and on what day. They can sometimes tell the address of where it went.

Post: New Guy in Austin, TX

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389

Hello all. My name is Brian Mathews. I'm getting started in real estate investing and trying to learn all I can so that I don't make a large mistake along the way. Mistakes are inevitable, just trying to minimize the damage. I'd like to flip houses and pick up a few rentals along the way for long term profitability. I'm currently an hvac contractor in Austin area, which can make winters a little harder to profit since they don't exist around here, so smoothing out hills and valleys is also another goal to real estate investing. I've worked a lot on repairs and rehabs on real estate, but always somebody else's deal and I'm on the other end, so would like to switch the ends of the pole. I'm not really into doing the work myself so much anymore, but have acquired a list of subs to assist me when needed.