Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Justin Brickman

Justin Brickman has started 39 posts and replied 432 times.

Post: Whats your ideal monthly income? How many homes/doors will you need to achieve this?

Justin Brickman
Agent
Posted
  • Realtor
  • San Antonio, TX
  • Posts 436
  • Votes 253
Quote from @Bjorn Ahlblad:

I am retired and earn 10k/mo from my remaining 14 doors. Make sure they are easily accessible and take advantage of REI pro. REI pro is huge, as is a state with no income tax, that was goodbye California! I almost feel guilty with how little tax we pay but dealing with it!


 Love it! 

Post: Whats your ideal monthly income? How many homes/doors will you need to achieve this?

Justin Brickman
Agent
Posted
  • Realtor
  • San Antonio, TX
  • Posts 436
  • Votes 253

Not too concerned about the number of properties. Maybe more so in the beginning. Just curious about what monthly income or portfolio has been ideal for other investors. 

Post: Seeking advice whether to sell

Justin Brickman
Agent
Posted
  • Realtor
  • San Antonio, TX
  • Posts 436
  • Votes 253

Hey Prashanth I'm sorry about the struggles with this one. I think you're right about selling if you haven't been able to find a renter in 10 months. My other solution would be to furnish the home and turn it into a midterm rental, if you have some reserves. It would fix your cash flow problem, but that comes with the furnishing expenses and a little more work than long term rent. 

Post: Whats your ideal monthly income? How many homes/doors will you need to achieve this?

Justin Brickman
Agent
Posted
  • Realtor
  • San Antonio, TX
  • Posts 436
  • Votes 253
Quote from @Bill B.:

11 homes brings in about $20k/mo. Probably double what I need to have too much. So 6 or 7 would put you easily in the top 10% of the country by income, probably the top 1% in the world. (Looked it up. You’d be in the top 1% in the world if you were married to someone who didn’t work.)

Ps. Make sure they and you are in a state without income taxes at least 6 months and a day per year. That’s an extra couple grand per month right there. 


Very well said Bill! Thanks for the insights 

Post: Whats your ideal monthly income? How many homes/doors will you need to achieve this?

Justin Brickman
Agent
Posted
  • Realtor
  • San Antonio, TX
  • Posts 436
  • Votes 253
Quote from @Bill B.:

11 homes brings in about $20k/mo. Probably double what I need to have too much. So 6 or 7 would put you easily in the top 10% of the country by income, probably the top 1% in the world. (Looked it up. You’d be in the top 1% in the world if you were married to someone who didn’t work.)

Ps. Make sure they and you are in a state without income taxes at least 6 months and a day per year. That’s an extra couple grand per month right there.

Post: New investor, looking for advice!

Justin Brickman
Agent
Posted
  • Realtor
  • San Antonio, TX
  • Posts 436
  • Votes 253

Great goals. Continue to invest and build momentum and good things will happen.

Post: Whats your ideal monthly income? How many homes/doors will you need to achieve this?

Justin Brickman
Agent
Posted
  • Realtor
  • San Antonio, TX
  • Posts 436
  • Votes 253

As I've been on my investment journey, my investment goals have changed. Initially I wanted to acquire 20 rentals, but now I believe 10 would be a great number for me. 

I'd love to hear about the journey and end goal of other investors - How have your goals changed? Are you shooting for a specific number of properties/doors or a monthly income amount? 

Post: What is the one thing you hate doing within your REI business?

Justin Brickman
Agent
Posted
  • Realtor
  • San Antonio, TX
  • Posts 436
  • Votes 253

Trusting others and handing off work. Need to do much better with this! 

Post: San Antonio Real Estate

Justin Brickman
Agent
Posted
  • Realtor
  • San Antonio, TX
  • Posts 436
  • Votes 253

Because of the affordability of San Antonio, many investors can get in with a huge opportunity to gain major equity through appreciation while cash flowing early on. Very good market to invest in. As well as the surrounding areas like New Braunfels, Boerne, etc. 

Post: Ingredients for a great rental

Justin Brickman
Agent
Posted
  • Realtor
  • San Antonio, TX
  • Posts 436
  • Votes 253

Location, professional photos, great management. There's no short cuts or tricks