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All Forum Posts by: Brandon Rush

Brandon Rush has started 70 posts and replied 735 times.

Post: What would you do with 50K? BRRR, FHA and hold, House hacking?

Brandon Rush
Pro Member
Posted
  • Real Estate Agent
  • Portland, CT
  • Posts 746
  • Votes 828
Quote from @Alex Molina:

I'm just starting up in real estate and I'm in the CT area where the medium house is approximately 365K. I'm just finishing up grad school and moving to Hartford, CT for a new job. I have about 50K in funds. 

I was thinking about doing a FHA with 3.5% down and living there for a year, then moving out and converting it into a conventional loan to get another FHA. I heard this strategy is complicated since I need to have a reasonable excuse to get a second FHA after converting to conventional (different job, emergency, etc). Is this the case? My other plan would be to save up another 50K and then use a hard money lender to do a rehab. But, that would put me out of the market for a long time and I would have to rent.

Any input or ideas would be highly appreciated. 


 Hey Alex,

I would absolutely recommend you start with a house hack. Don't get too caught up in the weeds about refinancing asap and all the other stuff. The simple fact is you will be able to purchase a property with a low down payment and live there as well. This will yield multiple benefits such as:

* Freeing up funds for other projects as you will only need to put down 3.5%
* Lowering your living expenses compared to if you were renting or if you had purchased a single family (assuming you house hacked a multi)
* It's an easy barrier of entry to becoming a real estate investor
* The process is repeatable if you plan it out correctly
* It's like being a landlord on training wheels as your risk is lowered since you would be living there

So many benefits to house hacking and for many investors, it should be the baseline of their investment portfolio. If I can help out in any way, please reach out.

Good luck on your journey!

Post: SFH Level 2 Flip in Bristol CT: $48k Profit sold Off Market

Brandon Rush
Pro Member
Posted
  • Real Estate Agent
  • Portland, CT
  • Posts 746
  • Votes 828

Congrats and good work my man!

Post: Looking to Partner with Real Estate Agent

Brandon Rush
Pro Member
Posted
  • Real Estate Agent
  • Portland, CT
  • Posts 746
  • Votes 828

Thanks again for the shoutout @Samuel Eddinger!

Post: The NEI Real Estate Investor Meetup - May 2023

Brandon Rush
Pro Member
Posted
  • Real Estate Agent
  • Portland, CT
  • Posts 746
  • Votes 828

Date, Time & Location: May 25, 2023 | 6pm-9pm
Back Nine Tavern at Stanley Golf Course| 245 Hartford Rd, New Britain CT 06053

***Registration Required**

https://www.eventbrite.com/e/623379463757

**One free drink ticket for all attendees, courtesy courtesy of our premiere sponsor Elite Assistance**

Topic of Discussion:

This month, we're excited to have Jack Benjamin, Director of Planning and Development for the City of New Britain, speaking about public-private partnerships in multifamily development. Jack will share his experiences and tips for building relationships with local governments and towns, as well as provide an overview of the latest developments in New Britain, CT.

Interested or currently involved in real estate and looking to surround yourself with like minded individuals? We welcome you to join us for our monthly real estate investor meetups in New Britain CT. This meetup is open to all who have some form of a connection to real estate or just looking to learn more.

Usually our meetups take place every third Thursday of the month from 6pm-9pm at Back Nine Tavern at Stanley Golf Course, 245 Hartford Rd, New Britain CT 06053, but dates and venue are subject to change, so please make sure to confirm the posted information There is plenty of parking. Generally we socialize & network for the first 45 minutes, followed by announcements, then we get to our guest speaker(s) and/or discussion.

Pre-registration is required and there is a fee of $20 to attend the meetup. Also, we encourage attendees to order food and/or drinks during the event to support the venue.

We look forward to seeing you!

Subscribe and get notified of future meetups here: www.NEIMeetup.com

Post: Multifamily Markets in CT

Brandon Rush
Pro Member
Posted
  • Real Estate Agent
  • Portland, CT
  • Posts 746
  • Votes 828

@Samuel Eddinger thank you for the shout out! @Emily Etter, Sam is defintely a great resource, I have learned ALOT from him. I myself house hack in Portland CT in a multi. If you need assistance from an investor based agent in CT, would love to help out! I will message you. 

Post: The NEI Real Estate Investor Meetup - April 2023

Brandon Rush
Pro Member
Posted
  • Real Estate Agent
  • Portland, CT
  • Posts 746
  • Votes 828



Date, Time & Location: April 20, 2023 | 6pm-9pm
Back Nine Tavern at Southington Country Club | 150 Savage St, Plantsville, CT 06479

***Registration Required**

https://www.eventbrite.com/e/6...

Headed To Southington CT This Month!

**One free drink ticket for all attendees, courtesy of our guest speaker and premiere sponsor Pinnacle Financial Services**

Topic of Discussion:

Join us this month as we explore the world of hard money lending with guest speakers Max and Ian Cohen of Pinnacle Financial Services. With years of experience in the industry, Max and Ian will provide valuable insights into the who, what, where, when, and how of hard money lending. Don't miss out on this opportunity to add another valuable tool to your real estate toolbelt!

Interested or currently involved in real estate and looking to surround yourself with like minded individuals? We welcome you to join us for our monthly real estate investor meetups in New Britain CT. This meetup is open to all who have some form of a connection to real estate or just looking to learn more.

Usually our meetups take place every third Thursday of the month from 6pm-9pm at Back Nine Tavern at Stanley Golf Course, 245 Hartford Rd, New Britain CT 06053. But, venue is subject to change, so please make sure to confirm the posted location. There is plenty of parking. Generally we socialize & network for the first 45 minutes, followed by announcements, then we get to our guest speaker(s) and/or discussion.

Pre-registration is required and there is a fee of $20 to attend the meetup. Also, we encourage attendees to order food and/or drinks during the event to support the venue.

We look forward to seeing you!

Subscribe and get notified of future meetups here: www.NEIMeetup.com

Post: Any recommendations on CT agents to work with for finding fix and flip deals?

Brandon Rush
Pro Member
Posted
  • Real Estate Agent
  • Portland, CT
  • Posts 746
  • Votes 828

Thanks for the shout out @Samuel Eddinger . You can get the details of my meetup at www.NEIMeetup.com Hosted monthly in New Britain CT!

Post: Advice on purchasing second property.

Brandon Rush
Pro Member
Posted
  • Real Estate Agent
  • Portland, CT
  • Posts 746
  • Votes 828
Quote from @Samuel Eddinger:

Hey @Jaron Chaplin.  I recommend @Brandon Rush and @Joseph Salzillo.

Both are very experienced realtors who also invest in rental properties.

I'm sure any questions you have for investing in CT can be handled by either of them.


 Thank you Sam! 

Post: The NEI Real Estate Investor Meetup - March 2023

Brandon Rush
Pro Member
Posted
  • Real Estate Agent
  • Portland, CT
  • Posts 746
  • Votes 828


Date, Time & Location: March 16, 2023 | 6:00pm-9:00pm
Back Nine Tavern at Stanley Golf Course 245 Hartford Rd, New Britain, CT 06053

**Registration Required:

https://www.eventbrite.com/e/5...

Topic of Discussion:

"To self-manage, or not to self-manage - that is the question!" Special guest Sam Eddinger, owner of Iron Clad Property Management, joins us and shares his expert perspective on this hotly debated topic. With years of experience in the industry, Sam will offer insights on who should and shouldn't consider self-management, and also share valuable tips for evaluating real estate as an investor. Don't miss out on this chance to learn from a seasoned pro, connect with other like-minded individuals, and maybe even settle the age-old question once and for all!

Interested or currently involved in real estate and looking to surround yourself with like minded individuals? We welcome you to join us for our monthly real estate investor meetups in New Britain CT. This meetup is open to all who have some form of a connection to real estate or just looking to learn more.

Our meetups take place every third Thursday of the month from 6pm-9pm at Back Nine Tavern at Stanley Golf Course, 245 Hartford Rd, New Britain CT 06053. There is plenty of parking. Generally we socialize & network for the first 45 minutes, followed by announcements, then we get to our guest speaker(s) and/or discussion.

Pre-registration is required and there is a fee of $20 to attend the meetup. Also, we encourage attendees to order food and/or drinks during the event to support the venue.

We look forward to seeing you!

www.NEIMeetup.com

Post: What would you do with $200k?

Brandon Rush
Pro Member
Posted
  • Real Estate Agent
  • Portland, CT
  • Posts 746
  • Votes 828
Quote from @Austin Sisk:

If you were to wake up tomorrow with $200k, what would you do with it to generate income and set yourself up for the future? 

 Try to eliminate any big living expenses that are a burden. Ways to achieve this would could consist of:

* House Hacking a multifamily and living for free (assuming you are renting)
* Paying off any high interest debt
* Paying off any cars
* Paying off any other financial burdens that keep you up at night

Then I would pick an investing strategy that resonates with me and go after it. Simple as that!

Good luck!