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All Forum Posts by: Justin Brown

Justin Brown has started 11 posts and replied 41 times.

Hey you guys I am still somewhat new to all this as I am still trying to get my first house hack. I was just wondering if I chose to go the BRRR route how do you guys go about estimating rehab expenses if you don't know anything about rehab and what certain rehabs costs.

Also people who I have networked with have given me the advice that my first deal shouldn't be a BRRR and I should look for something more turnkey. What are your guys thoughts on this?

Post: Rental application & background checks

Justin BrownPosted
  • Posts 43
  • Votes 28

For screening tenants, I would use singlekey. All you got to do is email the tenant a report and they pay for it and fill it out.

Post: Daytona FL 1st deal using house hacking

Justin BrownPosted
  • Posts 43
  • Votes 28

Hey Tyler glad to see you on here. I would say that if I was going to choose between buying a single family or multi unit house hack I might consider looking at Multi family (between 2-4 unit). The reason I say this is because single family is likely harder to get because you are going up against regular home buyers and investors. If you choose to get a 2-4 unit your only competition is against other investors to get those deals and the regular home buyer is eliminated from your competition. With all that being said though either could work it is just that the single family route you will probably face greater competition than the 2-4 unit route. If you have any other questions feel free to message me.

Quote from @Jesse Turner:

@Justin Brown Here's one that I use:
https://docs.google.com/spreadsheets/d/17S4NlkoqsWmWECyMmHp2...

Feel free to make your own copy of the google sheet file.


 Thanks for this I clicked on the link and it says you need to give me access.

Post: Househack Financing Advice

Justin BrownPosted
  • Posts 43
  • Votes 28
Quote from @Braden Jackson:

Hey BP community,

I am a new investor looking for my first househack in the Dallas/Fort Worth, TX area. I've been on the hunt for a duplex for several months, and have been contemplating what kind of loan product I should be looking out for when I find a property within my "buy box." Most of the recommendations I see on the forums, and other BP content suggest that new buyers like myself take advantage of low down payment loan products to get my foot in the door. However, I have enough saved to put down 15-20% (depends on the property) on a property if need be. Obviously in the current RE environment with rates where they are, this would obviously reduce my mortgage payment per month vs if I put only 3.5% or 5% down, potentially me helping break even or even "cash flow" on the property once I move out after a year. Is the FHA/Low Down Payment type product still the way to go? Or should I still consider putting more down to take advantage of the reduced payment?

Also, has anyone had any experience househacking in this market? Any advice or lessons learned that you would be willing to share?

Thanks in advance!


Hey Braden I am looking to get my first house hack soon hopefully also. I would say that you should when making an investment into a house you should always be looking to put down as little as possible to increase your ROI. This is the thing why put that much down when the people you are renting out the extra space would be paying the mortgage. Also send me a message and lets connect.

Quote from @Andrew Steffens:

There is one on here under tools --> calculators


 Yeah I appreciate that but it isn't an excel calculator it is just a link to airdna, if you know what I am saying

Hey everyone do any of you guys have an excel sheet airbnb/short term rental calculator?

Post: House hacking airbnb style

Justin BrownPosted
  • Posts 43
  • Votes 28

Hey if anyone on here house hacks the airbnb way and is down to connect and talk please reach out to me because I am trying to do a house hack and rent out the bedrooms on airbnb and I have some questions regarding how to estimate rents when analyzing deals and stuff like that.

Post: Property management services

Justin BrownPosted
  • Posts 43
  • Votes 28
Quote from @Michael Smythe:

@Justin Brown why would anyone do business with someone that doesn't even know the laws or doesn't follow them?


 Let me just clarify what I meant because I think I made it a little confusing. What I am trying to say is that if anyone needs help with just general upkeep with their rental then I am down to help. Is there any laws I should look into with this? I am new to this please educate me

Post: Property management services

Justin BrownPosted
  • Posts 43
  • Votes 28
Quote from @Michael Smythe:

Are you a licensed agent or broker?

Have you checked NC property management laws to see what you need to do to comply?


 No I am not any of those things I am just a regular guy trying to hustle to make some extra money to get a house hack. By the way I am in Charlotte.