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All Forum Posts by: Andres N Herrada

Andres N Herrada has started 2 posts and replied 6 times.

Classifieds

Post: Need a CPA

Andres N Herrada
Pro Member
Posted
  • New to Real Estate
  • Atlanta, GA
  • Posts 6
  • Votes 10

I recently bought my first property and would like to squeeze out all the RE benefits possible from that. Im currently running a couple of businesses and would like someone that could help me get the most out of tax season. 

2 Votes
Atlanta, Georgia
New Member Introductions

Post: New to BP and would love to connect!

Andres N Herrada
Pro Member
Posted
  • New to Real Estate
  • Atlanta, GA
  • Posts 6
  • Votes 10
Quote from @Samuel Diouf:

Welcome to Bigger Pockets Andres!

BP is a great place to learn and connect with fellow investors. 

What are the details on your first investment? 


 Hey Samuel, Thank you!

My first investment property is a triplex in Columbus, Ga. 

2 Votes
Atlanta, Georgia
New Member Introductions

Post: New to BP and would love to connect!

Andres N Herrada
Pro Member
Posted
  • New to Real Estate
  • Atlanta, GA
  • Posts 6
  • Votes 10
Quote from @Nicholas LaGatta:
Quote from @Andres N Herrada:
Quote from @Nicholas LaGatta:

Hi, Andres.  Real estate + construction is a powerful combination.  What is the strategy for your investment property?  


Hey Nicholas! That's what I've heard, looking to capitalize on that! For my first property I'm going to use the BRRRR method and from there keep growing my portfolio.


I used BRRRR to grow a "medium" sized portfolio in and around Atlanta that I am very happy with. I haven't bought a BRRRR in a few years, though. When interest rates went up, I was having to leave too much capital in deals in my target market, usually more than my acquisition outlay and rent-ready repairs.

I think BRRRR can still work really well under 2 conditions: 1) you have another substantial source of income and your capital is somewhat renewable (I don't) or 2) you're willing to compromise on your target areas and move to secondary, tertiary, or out of state markets (I am not) or 3) you're very lucky and/or skilled at acquisitions (I am from time to time).

What area did you find a deal that still works?  Let me know if I can ever help with anything.  (I have nothing to sell you)

You're absolutely right. Like I said, I am new to REI and I am still learning a lot. I found a deal that worked well for me and made sense in Columbus, Ga and just pulled the trigger on it.
1 Vote
Atlanta, Georgia
New Member Introductions

Post: New to BP and would love to connect!

Andres N Herrada
Pro Member
Posted
  • New to Real Estate
  • Atlanta, GA
  • Posts 6
  • Votes 10
Quote from @Nicholas LaGatta:

Hi, Andres.  Real estate + construction is a powerful combination.  What is the strategy for your investment property?  


Hey Nicholas! That's what I've heard, looking to capitalize on that! For my first property I'm going to use the BRRRR method and from there keep growing my portfolio.

0 Votes
Atlanta, Georgia
New Member Introductions

Post: New to BP and would love to connect!

Andres N Herrada
Pro Member
Posted
  • New to Real Estate
  • Atlanta, GA
  • Posts 6
  • Votes 10
Quote from @Andrew Syrios:

Welcome to BP and best of luck investing!


 Thanks Andrew!

1 Vote
Atlanta, Georgia
New Member Introductions

Post: New to BP and would love to connect!

Andres N Herrada
Pro Member
Posted
  • New to Real Estate
  • Atlanta, GA
  • Posts 6
  • Votes 10

Hello everyone, 

I'm 23yo and I live in Atlanta, Georgia. I recently bought my first Real Estate Investment Property and would love to connect with like-minded people! 

Outside of real estate I am in the construction industry, in Commercial / Residential Roofing. If you need any help let me know and I would be happy to help.

4 Votes
Atlanta, Georgia