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All Forum Posts by: Nicholas LaGatta

Nicholas LaGatta has started 28 posts and replied 214 times.

Post: Wholesale Mentor in ATL?

Nicholas LaGattaPosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 229
  • Votes 145

Hi, Asia!  I'm an acquisitions agent for a group of investor.  We partner up with new wholesalers all the time to sell their deals.  I'd appreciate the opportunity to review the deals you're working on, give you feedback, and help you get your deals across the finish line.  Let's get in touch soon!

Post: Is the rent by the room strategy good for MTR's (Nurses)

Nicholas LaGattaPosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 229
  • Votes 145

My sense is that the MTR space is about to be incredibly oversaturated with listings.  Does anyone else feel this way?  I feel like this same thing happened to STRs.  They started getting promoted by every guru and podcast as a way to cover higher interest payments, replace active income, etc.  Demand dropped off and people looked for the next big way to increase their cashflow with a similar asset class.  I just don't see how a strategy being promoted at such a mass scale can have a sustained competitive advantage IMHO.  

I might be wrong, though.  Does anyone have a different point of view on the medium and long term prospect for this strategy?  

Hi, David.  I'd be happy to talk to you to see if you'd be a good fit to join the New Western brokerage.  We're the largest investment property brokage in Georgia.  Feel free to get in touch.  Either way, I'd be happy to talk to you about the industry and see if there's any way we can help each other out.  

Post: Who and how to combine tax parcels in Dekalb County for a DSCR

Nicholas LaGattaPosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 229
  • Votes 145

I have a property in Dekalb that was split into 2 tax parcels (main house and carriage house) or has possibly always been that way. I am looking to refinance, but I'm getting issues with potentially needing 2 separate loans. With the carriage house parcel, I'm getting an issue because the carriage house is only around 550 square feet and too small to qualify for my usual DSCR lender's standards.

My questions are the following: (1) What type of professional can facilitate the process of combining these parcels, including dealing with the survey, the city/county, etc.?  (2) Would this type of action likely to be successful given that we're currently legal non-conforming use, but not proposing any changes or improvements?  (3)  If combining the tax parcels is not practical, is there a specific lender than can refinance the 2 parcels under 1 loan, given legal non-conforming use?  

(Thank you in advance for not referring me to an REIA)

Post: REI on Tap, Atlanta Real Estate Meetup

Nicholas LaGattaPosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 229
  • Votes 145

If Darius is going, I'll definitely be there.  Thanks for putting this event out there!

Post: Looking to connect with agents in Columbus, Cincinnati, and Atlanta

Nicholas LaGattaPosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 229
  • Votes 145

Hi, Kristina.  I'm an agent in Atlanta.  I help investors source flips and rental properties.  I'm always happy to help investors in this market, whether you're working with me or not.  Feel free to contact me directly. 

Post: Looking for an investor friendly contractor in the Atlanta area

Nicholas LaGattaPosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 229
  • Votes 145

James McConnell

General Manager

ProServe Home Solutions

https://proservehomesolutions.com/


These guys are great and are set up specifically to work with the needs of investors.  

Post: New RE investor in Atlanta area

Nicholas LaGattaPosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 229
  • Votes 145

Welcome to BP, Ahmad!  These forums are a wealth of local market knowledge and expertise.  

Post: Any East Point zoning experts? (Atlanta, Georgia)

Nicholas LaGattaPosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 229
  • Votes 145

@Joel O. Below are some contacts from my archives that may be able to help or at least refer you to someone:

[Name] Ducket Design Group, East Point Architect

[Mobile] (404) 592-4539

[Name] Randall, East Point, Architect

[Mobile] (770) 356-7752

Post: Atlanta / Sandy Springs General Contractor Recommendations?

Nicholas LaGattaPosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 229
  • Votes 145

@Chris Eversole Following. I'm also looking for Investor-friendly GCs, handymen, and trades in these areas.

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