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All Forum Posts by: Justin Brickman

Justin Brickman has started 40 posts and replied 471 times.

Post: House Hacking for W2 employee

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 477
  • Votes 267

Try not to use a coborrower, especially if this will be your first rental. But I love the house hacking method to get started. Will teach you a lot no matter what.

Post: Analyzing Neighborhoods for investing

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 477
  • Votes 267

Try to find out city plans for the area in the upcoming 6-12 months. If any big tech companies, giant fast food chains, shopping centers are in the near future, that will tell you all you need to know.

Post: BRRR with a Self Rental

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 477
  • Votes 267

Wow congratulations! I love what you did with it.

Post: looking for a house hacking property and mentor

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 477
  • Votes 267

Local meetups may be the best spots to find the mentor you're looking for.

Post: Quick condo flip for $28k+ profit

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 477
  • Votes 267

Good work! 

Post: 2100 Springhill Ave Flip

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 477
  • Votes 267

Congrats Johnny! Looks awesome 

Post: Does it make sense to invest in STR in a 2br condo in Storey Lake?

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 477
  • Votes 267

To be honest, you should look for a STR that doesn't have such a high HOA fee. $800 a month is taking away from most of the cash flow you could make monthly

Post: Apply A Second HELOC? Or I should close the first HELOC first.

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 477
  • Votes 267

I recommend closing the first one 

Post: Is changing ownership to an LLC really worth it?

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 477
  • Votes 267

If you're making your monthly payments, a mortgage company will most likely not care if you execute a warranty deed. As long as you pay on time, you don't have to worry about any acceleration clause.

Post: What's the #1 factor you consider when looking for buy-and-hold properties?

Justin Brickman
Posted
  • Realtor
  • San Antonio, TX
  • Posts 477
  • Votes 267

I look for deals in great locations that have high appreciation potential. Cash flow is awesome of course, but I don't need a home run deal in year 1. I believe if you find great rentals in growing areas, cash flow will follow. Appreciation is where the money is made.