All Forum Posts by: Matthew Trotter

@Daniel Budihardjo congrats on the BRRRR! I'm looking in North Cobb County for an off-market BRRRR deal. There may be less expensive deals there for you. Are you doing direct mail?

Hi @Mike H. that seems like a daunting task! With older houses, you're usually looking at upgrading or redoing old building construction methods to current methods. You might find moisture inside the basement concrete walls for instance. I haven't done anything like that, but good luck.

Hey Chloey! Did you mean Atlanta REIA? Their website and Facebook seems to be active.

@Randy Dargan, nice deal! Do you want to keep renovating yourself? What could have made the renovation go smoother for you? 

@Nick D. this looks great!! I got excited for you seeing the ARV number. I hope you get a high loan amount on the 3rd R.

@Darrell Noe, do you know of any multifamily builders that do small, inexpensive 2-8 units for lower middle class income?

@Frank Z., I currently live in Smyrna and did not house hack. I see the same issues you do with this area: not many multifamily properties. Instead, I bought a cheap condo, lived in it for two years, moved out, and rented the condo. However, I have been looking at getting a 5+ bedroom house somewhere west of here, closer to Mableton or Austell. You can be more discriminating when screening for roommates than for tenants. So, I see that as a benefit.

Hi @Jered Sturm, I just saw this post and would like to attend August's meeting. I've done two deals so far and am ready for a third. I've subscribed to the thread and am looking forward to the next meeting!

Did you set up an LLC to act as property manager? Does it shield you from liability? I've read a lot on NOLO that, in my state (Georgia), I am personally liable for all negligent acts I perform regardless of how my LLCs are structured. So why incorporate my property management duties to manage my own properties? Thoughts?

@Joe Splitrock I totally agree. In fact, I remember a time when I was afraid of putting down $1000 earnest money as a first-time home buyer. I feared the agent or seller could take the money through some clause in the contract like a shark. Now I know better, and I love the strategy.