All Forum Posts by: Justin Brickman

I would prefer to use it as a long term rental until it has enough appreciation to 1031 into an investment that will bring more cash flow - like an STR.

Come see it in person! I've scheduled an open house for Sat, Sep 17 @ 4:00 - 6:30PM. Click on the image to see all the listing details, or contact me directly if you'd like to learn more. #home #house #listreports #property #openhouse #forsale #househunting #dreamhome #houseexpert #homesintheknow #realestate #realestateagent #newhome #propertyexpert #lovewhereyoulive

Due to extremely high energy bills in my short term rentals in Texas, I've been starting to think more and more about investing in solar panels and taking advantage of the tax incentives My energy bills have been $400-500 a month lately. It's always higher in the summer months in TX but it's getting pretty ridiculous. 

I think I know the answer to this, but am I crazy for considering solar panels? 

 Thank you Nathan! That's pretty much what I've heard about the bank not wanting to trigger the 'due on sale' clause.

Can I ask why you say it's not in their best interest? Just because the process of having to deal with a foreclosure and possibly losing money on that? 

 Thank you for your response. I've had my LLC set up and ready to go but the lenders for both of my properties told me I won't be able to transfer the deed to my LLC because the acceleration clause would be in effect. Most lenders and banks will tell home owners with a mortgage that it's not possible until it's paid in full - but this is not true. I've been told by many investors that a real estate attorney could help me out with that - just trying to find one at the moment.

Hey BP community,

I'm looking for a RE attorney to help me move a couple properties to my LLC, rather than keep it under my own personal name. Is there an attorney that you recommend for this situation?

Investment Info:

Single-family residence buy & hold investment in San Antonio.

Purchase price: $350,000

Excited to close on my 3rd investment property in a gated community that will be used as a luxury short term rental. Thank you to @Convoy Home Loans - I've enjoyed working with them throughout the whole process, I highly recommend them to all BP members!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $350,000
Cash invested: $70,000

Excited to close on my 3rd investment property in a gated community that will be used as a luxury short term rental. Thank you to @Convoy Home Loans!

What made you interested in investing in this type of deal?

Opportunity to scale my investment portfolio with another STR in Texas!

How did you find this deal and how did you negotiate it?

Consistently checking the market for new properties in the area and staying persistent in the negotiations.

How did you finance this deal?

Convoy Home Loans helped me finance and it's been an amazing experience working with Dustin Rosenberg and his team.

How did you add value to the deal?

Through the negotiations with the listing agent

Lessons learned? Challenges?

Continue to build momentum!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I represented myself as a buying agent.

Great podcast!