All Forum Posts by: Justin Brickman

Love this post

What was your goal when purchasing this property?

Just because it doesn't cash flow in the first year or two, it doesn't mean it won't be an awesome rental for you down the line. If you believe it will continue to appreciate (like most of San Antonio), I would hold on to it even if there's a bit of negative cashflow for the first year or two. 

San Antonio is where it's at!! Happy to connect with you about San Antonio if you want to chat.

Congrats and good luck to you! 

Yes Jonathan’s correct unfortunately. 

I start off all my rentals as STR to build up reviews and then covert them to midterm. Not sure how midterm does in other areas, but it has been an amazing strategy for me (allowing me to save money on PM and decreasing the turnover and potential issues with HOA or neighbors). If you can put the right systems in place and the market makes sense, I think it's an easy choice for most investors

"Could this be a time to pickup a decent property for a bit of a steal there (at least relative to how crazy high the market has been recently)"

Yes exactly

I have some clients looking for STR properties I'll shoot you a message

Awesome welcome Prashant! Will you be developing single family homes or multi family on these lots?

Great info!