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All Forum Posts by: Justin Brickman

Justin Brickman has started 40 posts and replied 475 times.

Post: This is the best week to buy real estate, yes it is.....

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 481
  • Votes 268

Agreed David!

Post: House Hacking SFH

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 481
  • Votes 268

For SFH, Hve you thought of furnishing the house and renting midterm or long term? It's much easier to rent like that to one family, rather than rent by the room

Post: Starting out hoping to buy first investment property

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 481
  • Votes 268

Network with local commercial agents. They will have knowledge on any off market or upcoming properties

Post: Propwire Deals (How to find)

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 481
  • Votes 268

A local real estate agent could pull info from a title company on each property. Not sure of a quick way to pull a bulk in a short time though.

Post: [Calc Review] Help me analyze this deal

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 481
  • Votes 268

If it were me, I would use a smaller down payment and use the bank's money. I would probably need more info on both properties and your current situation, but that's my preference from the details you provided.

Post: 2nd owned home

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 481
  • Votes 268

Big time! Congrats on your new property and continuing to build your portfolio!

Post: Open House Saturday / San Antonio Texas / Pool, VIew, and Huge Deck

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 481
  • Votes 268

Come check out my new listing at 654 Kate Schenck Ave. Would be an amazing short term / mid term rental. Reach out to me with questions and how much cash flow you can bring in.

Post: Best cash flow cities for 2023

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 481
  • Votes 268
Quote from @Cliff Garcia:
Quote from @Justin Brickman:

San Antonio!


 Everything I see is way out of range here at home. Even the foreclosure alerts I get off and on are always in the red. Nothing I come across will pay for itself. Unless of course you go on a low ball spree with a bunch of listings to make the numbers work 


 If you're actively looking and offering, you will find a great one

Post: Best Business Banking Account for an Agent?

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 481
  • Votes 268

Not Bank of America lol

Post: Paying down additional principal each month

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 481
  • Votes 268
Quote from @Conner Olsen:
Quote from @Billy Mcavoy:

I’m a first time home buyer and looking for some advice. I purchased a condo in December 2020 (in DC) and currently live in my unit. I’m moving to NYC in mid May and will be renting out my DC condo around June 1st. I have a good interest rate (2.75% rate) and have been paying an additional $250 down on principle each month. At this rate it’s estimated that I’ll pay off my loan 10 years early saving ~$31k in interest payments.

If I stop paying additional $250/month on my principal my cash flow will be more or less break even on month. However, if I pay down $250 extra on principal each month I’ll have negative cash flows but I’ll build equity in the property faster and avoid paying more interest in long run. What’s the general guidance when considering additional monthly payments on principal?  Am I doing the right thing or should I forgo paying extra down on principle each month?


I think of paying down debt the same way as buying an investment (stocks, bonds, whatever). If you pay down a loan, any additional payment is giving you a return of 2.75% in savings. Would you buy an investment if the return was 2.75%? Would you pay off a loan to save 2.75%? Can you invest the difference somewhere else and earn higher than 2.75%?

That's how I think about it.


 I love this way thinking about it