All Forum Posts by: Brandon Rush

Hey Carson,

You are right on track! Take your time and do not rush it. One of the best benefits of house hacking is the lowered risks compared to a non owner occupied property. By living in the property, you can almost ride out anything. I would definitely recommend you build up your cash reserves prior to jumping in. You do not want some kind of major repair to bankrupt you on day one. Also, you mentioned 203k loans being tricky. While they may be, they will most likely yield the higher overall returns. If you have the opportunity to leverage a 203k loan to acquire an asset, I would HIGHLY recommend it. If I could have done it again, I probably would have leveraged a 203k loan instead of going turnkey. 

Lastly, as you mentioned if the property makes sense for when you leave in a few years, that will probably be one of the most important factors when considering a house hack. 

Good luck on your journey, you are on your way!

 The best appreciating market in CT is Fairfield County (Aka the stuff closest to NYC). They are also the most expensive in CT as well. Many investors who invest for cashflow tend to move closer to the middle of the state (Hartford County). 

Hey Christine!

Definitely wait until you have a good amount of money in the bank before taking on any kind of real estate purchase. Being in your position, the last thing you want to do is take on a massive miscalculated risk and have to start over again. I recommend going one step at a time. If you are interested in real estate, start with surrounding yourself with other real estate investors. See what others are doing and see how you can provide value to them. Maybe start attending REI meetups in your market (Such as mines!) and make that one of your first steps.

I would highly recommend you add a financial advisor to your arsenal and making this one of your first steps as well. An advisor is like a doctor, many don't want to go to them because they will need to face the truth.

Keep your head up and good luck on your journey!

Hey @Andrzej Lipski,

Would love to have a conversation with you to see how I can help. I am a full time agent based out of Central CT. My primary focus is working with multifamily investors/owners throughout the state. I will message you privately.

Hey Edwin,

I am from NYC but live in CT currently. A lot of this will come down to how much money you have and your long term goals. If you are flush with cash and can buy homes outright or with large down payments, NYC may be a better option for you. Generally speaking, homes in NYC will appreciate more than homes in CT. The reason why many NYC people invest in CT is because of the cashflow properties here can produce with your typical 25-30% down payment. I personally do not know much about the PA market, so I cannot speak on that.

I know that does not fully answer your question, but just wanted to jump in where I could.

Good luck!

 Thank you Sam! Nicole, would love to assist.

 Thanks for the shout out sir!

Tremon,

Congrats on becoming an agent! As a newbie, I feel you should be looking for a broker that has a strong support system for newer agents. This support system could include business planning, coaching, training and more. Being an agent is so much more than what most people believe, and if you are not set up for success from the beginning, your chances of failing are very high.

Another option to consider is joining a team within a brokerage. This option provides you a more intimate experience and I would highly encourage it for newer agents. The ability to have access to the knowledge of other team members, leaders and etc  will move you so much faster than trying to figure everything out on your own. 

Lastly, one aspect of a brokerage and/or a team that I found most important (for me) is the culture. When interviewing for these teams, be honest with yourself and think about how you operate. What is most important to you? Start to frame you interview questions around those thoughts. Working with a broker who aligns with your values and beliefs will ultimately feel more natural than working with one who does not. 

I hope that was helpful and good luck on your journey!

Hey Brad,

Congrats on passing your exam. I have been a full time agent for 6 months now. I was only able to last 2 months before I quit my full time gig and went all in as an agent. My take on being a part time agent is that it is not a bad way to start, I would actually recommend most start this way before making any big decisions. If you could be part of a team, I would also recommend going that route as well. Being both a part timer and flying solo would probably be a tough position for most. A team will give you the supports you need to get started, learn the ropes, and possibly get some form of coaching. Being on a team will also expose you to various specialties and maybe give you more clarity on what you are best at. 

You mentioned the big opportunities coming in Sacramento, that is a great start. If you want to capitalize on this growth then become part of it. Start networking with professionals who have ties into this development. If there is one thing I learned about being an agent is that it is a relationship business. If you want to be in it for the long haul, start establishing those relationships now so you create repeat business and a strong referral network. 

I can ramble on for hours, but I will leave it at that. 

Good luck on your journey!

Joe, give my man Ali Riley a call of John Horn Capital Funding 203.568.3698. Asset based lending is not the cheapest option, but it gets you in the game.

Talk with you soon!