All Forum Posts by: Kenneth Bullock

@Ryan Guffey Go read the book “Profit First”. Total game changer!

@Kenneth Ryan I would look into taking that $120K and investing in an out of state multi-family that will cash flow.

@George Stoudemire Welcome to Bigger Pockets, as well as Los Angeles. My company specializes in finding opportunities for Rehabbers and Flippers. Dm me your contact information and buying criteria. Thank you.

@Filmon Michael I don’t know Ohio state or city laws, but I am a former HVAC-R contractor from KY, currently investing in Los Angeles.

I can give you my two pennies if you want. I followed and requested a connection with you. 

Replace, replace and replace! If you put tenants in there and one of the 40+ year old heat exchangers has a crack in it, it can blow up, or kill your tenants from the carbon monoxide that seeps through the crack, into the supply air stream. 

The utilities will be sky high due to the inefficiency of such an old unit as well. If a unit built in the eighties only had a 60%-70% efficiency rating, what do you think one built in the sixties or seventies has? And that’s when the unit was new. No matter who pays the utilities, that’s not cool.

I’ve been an HVAC-R Contractor/Technician for twenty one years and am a current member of RSES, I know a little something.

21 year HVAC contractor here, at twenty years old the system was at it’s useful life, it definitely needs to be replaced. A system that old is very inefficient and is costing you more on your utility bills.

I would wait until I got a tenant in the unit. What state are you in? If you have hot summers change it as soon as you get a tenant. The last thing you want is for it to fail in the middle of the summer when all of the HVAC companies are swamped, and they tell you they can’t get to you until next week.

@Mary M. No, bad tenant😂! 🙏🏾Please, no space heaters, and no open windows. As an HVAC tech and ex-Landlord, that makes me cringe. The energy cost, waste and carbon footprint go through the roof!

Sub-meter as soon as possible. Not cool to have one tenant dependant upon the next for comfort, or one accountable for the others excess energy usage. Just my three cents.

@Jade Vaughn We use PropStream to find the deals and our Investors. It has several filters, that allow you to drill down to specific list criteria. They even have an app that will geolocate you and any property that you sit in front of, while driving for dollars. It also records your route so you don’t drive the same area.

We use Rehabvaluator to get rehab estimates and make presentations for our investors.

Remember to always do a market analysis before moving into a new market. You want to try to get into an appreciating market and not a depreciating one. Investors want assets not liabilities.

As stated above find a few boots on the ground and do some JV deals. Just my two pennies.😎

@Alex Blonigan Sorry for the blank reply. Try Rehab Valuator, you can create a free account, awesome sauce. Rehab Estimator Pro, is another great site. Prop-stream is also a really good one. All three use local pricing according to the zip of the project, to help you get a very close estimate.