All Forum Posts by: Justin Brickman

One of my client's asked me if I had to choose a portfolio between one 15-unit apartment or five single family homes, which would I choose? If all numbers were equal (purchase price, repairs, cash flow, expenses, etc). I know my answer, but I thought it was a good exercise to see how some of you would answer in today's market.

Don't be scared of HOA's. You can usually also rent mid term which is minimum 30 days, which tends to be better as a host anyways.

Last thing you want to do is piss off neighbors because there's a new group every 3 days next door. That's when it starts to be an issue, HOA or not.

Texas Texas Texas

Hey Joseph there are ways to get creative on this that may make you feel better about it, I wouldn't limit yourself to only those 2 options. Such as a HELOC or making it a furnished rental. (I believe you should be able to make much more than $1K on your rent on your main house if you do it correctly)

Also, if you can negotiate seller credits (which many buyers are able to do right now) on your new house, you can use that to buy your interest rate down. Even though rates are 7-7.5 lately, my clients have been getting in around the low 6s.

Good luck Joe! Sucks you gotta deal with that but glad you got it back to decent shape.

Hey Mica

How's it going with this one? It seems like a good opportunity. Where in San Antonio is it located? Just make sure your comfortable with the type of tenants in the area and sharing your triplex with them. 

When I was looking for my first house hack a few years ago, I quickly realized that some of the deals I liked for the duplexes and triplexes here in SA weren't a good fit for me. 

A couple other questions I would have - What's the age of the home and is the foundation slab or pier and beam? I would feel better about a decision to move forward or not with some of that info

Hey Selby I'm here in San Antonio as well - I can recommend a couple of my favorite inspectors. If you need plumbers, electrician, or anybody else, don't hesitate. I'm happy to help.

Have you made any progress on this deal? I can answer the other questions or give you my opinion if you're still working on it. 

You really don't have to in this market. But if it's a property you gotta have.

If you gotta ask, you probably shouldn't! 

Hey Moshik welcome! Good luck on the long distance journey! 

You should take a look here in San Antonio Texas. I've had a lot of the BP community reaching out to me over the last 4-5 months. 

You can also listen to the BP On the Market Podcast. They recently put out an episode where they look at the latest data and rank the top 5 markets to invest.