All Forum Posts by: Niyi Adewole

In ATL Market, the 1% rule is very difficult to hit unless you are buying multi units with some value add updates. For example, i recently purchased a 4 plex in Snellville for $800k that had total rents of $6000. 

Now this home had been owned by previous owners since 2010 and they had not kept up with rent increases or updated the units. Median rent for each unit should be $2100 for the area or $8400 total (1%) rule. I am in the process up updating kitchens/bathrooms in each unit and it will hit the 1% after that is complete. 

Right now i have leaned into the STR/MTR strategy for immediate cashflow, buying homes in awesome locations and allowing the year of year rent increases to allow for those to be moved to a long term rental later.

Done and done, will forward you the invite!

Join us in Atlanta, Georgia, on May 19th at 6:30pm ET for The Future of Real Estate Investing: Trends, Opportunities and Strategies, an in-person event hosted by real estate experts Ricardo Carrillo and Niyi Adewole.

During this event, you'll gain insights on the most recent trends and opportunities in real estate investing, including strategies for maximizing returns on your investments. We'll also explore the latest technological innovations and tools that are reshaping the industry and offer practical advice on how you can leverage them to your advantage.

Whether you're a seasoned real estate investor or just starting out, this is the perfect opportunity to gain valuable knowledge, connect with other industry professionals, and take your investment strategy to the next level.

In this event, you'll learn about:

- The latest trends and opportunities in real estate investing

- Strategies for maximizing returns on your investments

- Technological innovations and tools that are reshaping the industry

- Practical advice on how to leverage these tools to your advantage

Don't miss out on this incredible opportunity to build your network, learn from the experts, and take your real estate investments to the next level. Register now to secure your spot at this must-attend event!

Register now to secure your spot at!

The Future Of Real Estate Investing

ATLANTA REIA AT AN AIRBNB MANSION

Have you ever thought about getting into the short-term rental game? Well this meet-up will give you an opportunity to connect with the Ekabo Home Team which manages ~20 short term rentals throughout the ATL metro. You can get all your questions answered around how to manage guests, how to market your listing, upstart costs, and for those that stay after the initial presentation you will truly get a hands on experience helping the Ekabo Home Team put the finishing touches on the home and build furniture. 

Food will be ordered in and provided for those that stay and help.

FOR SECURITY PURPOSES: ID's WILL BE COLLECTED AT THE DOOR AND RETURNED TO YOU UPON EXIT. 

Thank you @Priya Srinivasan :). 

Will shoot you a message shortly @Hamza Shafiq

Keep your head up @Matthijs Pol ! It happens to the best of us man. The key to investing is to stay in for the long term, try not to focus on the "tree", zoom out and see the "Forest from the trees". 

If it makes you feel any better, 5 years into my investing career i actually had a tenant do something similiar during the 2020 pandemic year. They paid for 2 months upfront and a security deposit, did not pay for the next 6 months and we were not allowed to evict due to the pandemic. This storm will pass

Welcome to Atlanta Chris!!

I am an investor and realtor in Atlanta, and i host a weekly virtual (zoom) financial freedom mastermind group on Wednesdays at 7pm Eastern. More than happy to forward you the info, as we have a lot of atlanta based investors on the call

 HI @Jay Charles

I want to preface this comment by saying i am not a legal expert or mortgage professional. Speaking from experience, I have purchased 4 homes in the Atlanta Metro and over 5 in Louisville, Ky via a conventional 30 year mortgage and successfully moved all of these homes into an LLC after closing and waiting a few months without a due on sale being called.

As long as you continue to pay the mortgage on time, you should not have any issues (knock on wood). Please feel free to PM with any additional questions on this piece or if you need a contact that can create the LLC/quit claim the property over to it.
 

 I agree with @Kevin Sobilo on this. Borrow as much as they will allow and set aside reserves