All Forum Posts by: Justin Brickman
Justin Brickman has started 40 posts and replied 489 times.
Post: Embarking on a Real Estate Journey from Brooklyn to the Hudson and Housatonic Valleys
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Your wife sounds very smart and a great partner to have in your RE journey. You would be surprised how many investors got started after reading Rich Dad Poor Dad. It feels like almost everyone lol
Post: Adding to my Investment Portfolio - Multi-Family
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Let's go!! Congrats Sandy, hope it does well for you.
Post: Money Pit, what to do?
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Post: 120 historic home, purchased, renovated and rented
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
I like it Kristen! Congrats on the investment property :)
Post: When to hire a CPA?
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
I don't think you really NEED to bring in a CPA until you have a few rentals. But the quicker you bring one in, the easier it will be for you of course. I wouldn't wait until you get 7-10 properties or anything.
Post: First Investment Property at 20
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Congrats Jenny! Looks like an awesome property and a great home/area for a house hack. It's crazy how young you are and already own a duplex, not many 20 year olds can say that. Very impressive
Post: Land or House Flip?
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Hey Reagan, if you need help finding a property to flip with the $80K, feel free to reach out and I can assist you. It may be a little difficult flipping a home if you don't want to use a loan, but we can still see what's out there.
Post: Does and should climate change factor into home buying and investing?
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
If we have to start factoring in climate change too, the investors with analysis paralysis are gonna go insane lol
Post: Investment goals for 2024?
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Post: How are people scaling so fast?
- Realtor
- San Antonio, TX
- Posts 495
- Votes 273
Quote from @Ursula Leake:
@Justin Brickman this is my strategy yet I have to occupy the house for 12 months not 6. It is definitely getting harder the more I scale because lenders are making me jump through a million hurdles. Where are you finding lenders that only allow you to occupy a home for 6 months. How many have you purchased doing this and have you found that it gets harder the more you purchase?
Yeah I just make sure to find homes I can add value and build equity. I put 20% down on 2 of the 5 properties and 5%-10% on the other 3. I'm taking a break to pay off equity for a while and it's not something I plan on doing for my next few properties. But this was actually a recommended strategy I heard from Brandon and David when I started listening in 2021. It's also important to have cash reserves because of the leverage risk of course.
I don't see it much different than house hacking or BRRR strategy, so I don't agree with some of the comments above. I just didn't want to make this thread about me. I only move forward if the lender approves my files and they're good with it, not the other way around.