All Forum Posts by: Justin Brickman
Justin Brickman has started 40 posts and replied 489 times.
Post: Whats your ideal monthly income? How many homes/doors will you need to achieve this?
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Quote from @Bill B.:
11 homes brings in about $20k/mo. Probably double what I need to have too much. So 6 or 7 would put you easily in the top 10% of the country by income, probably the top 1% in the world. (Looked it up. You’d be in the top 1% in the world if you were married to someone who didn’t work.)
Ps. Make sure they and you are in a state without income taxes at least 6 months and a day per year. That’s an extra couple grand per month right there.
Very well said Bill! Thanks for the insights
Post: Whats your ideal monthly income? How many homes/doors will you need to achieve this?
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Quote from @Bill B.:
11 homes brings in about $20k/mo. Probably double what I need to have too much. So 6 or 7 would put you easily in the top 10% of the country by income, probably the top 1% in the world. (Looked it up. You’d be in the top 1% in the world if you were married to someone who didn’t work.)
Ps. Make sure they and you are in a state without income taxes at least 6 months and a day per year. That’s an extra couple grand per month right there.
Post: New investor, looking for advice!
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Great goals. Continue to invest and build momentum and good things will happen.
Post: Whats your ideal monthly income? How many homes/doors will you need to achieve this?
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
As I've been on my investment journey, my investment goals have changed. Initially I wanted to acquire 20 rentals, but now I believe 10 would be a great number for me.
I'd love to hear about the journey and end goal of other investors - How have your goals changed? Are you shooting for a specific number of properties/doors or a monthly income amount?
Post: What is the one thing you hate doing within your REI business?
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Trusting others and handing off work. Need to do much better with this!
Post: San Antonio Real Estate
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Because of the affordability of San Antonio, many investors can get in with a huge opportunity to gain major equity through appreciation while cash flowing early on. Very good market to invest in. As well as the surrounding areas like New Braunfels, Boerne, etc.
Post: Ingredients for a great rental
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Location, professional photos, great management. There's no short cuts or tricks
Post: Should you pay off a house completely?
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
There's no right or wrong answer to this, it just depends on the investor and what their goals are.
Of course leverage is great. But many investors don't want to deal with any risk or debt whatsoever, and they don't have the urge to buy more properties.
Post: 1031 Exchange / Advice Tips
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
A few tips that should help as you go!
-As you list your homes, try to have a list of properties in mind and which strategy you want to go with first (STR or LTR.)
- Get with your CPA/accountant with your plan, so there's no surprises.
- Work with a realtor who has experience with 1031 exchanges (whether it's as an investor or helping past clients)
Post: What is the hardest part of DIY management?
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Delegating work as you scale. It's hard to hand off work or certain tasks because it's hard to trust others, but most times you can find help from people that are better than you and more efficient.