All Forum Posts by: Nicolas Londono

Hello everyone. I'm about to bring my MTR Live and i don't have any kind of insurance.... any recommendation for a good insurance broker? I also have a company car that I can bundle in...

Thanks in advance!

Quote from @Katlynn Teague:

Quote from @Nicolas Londono:

In my opinion, we make plans and then life happens…. Me being a professional over thinker can confidently say… find something that makes sense and go for it, trust the process.

I like BRRR, 18months ago We traveled to atlanta, toured like 3 properties and made an offer….
didn’t went trough… but the owner had another house, a dumpster in sw atlanta, close to US 41 in an up and coming place… fair price and enough upside….

We bought it and I’ve been re building it up the last 15 months….

Didn’t made us rich, but i got my feet wet and learned a TON now i discovered MTR and chose that route, looking to scale the business

 @Nicolas Londono Gut intuition is best, I always say you learn more from losses then you do your wins! Have you finished up the property yet? How are you liking the area?

I'm almost done, I can't wait to finish furnishing it and hitting the MTR market to see what happens

I would go to real estate group meetings and start talking with everybody... Find just one investor that is buying, and make your life abut finding him a property... if you do, you get your first sale and probably he will love you...

Quote from @Robert Gonzalez:

@Nicolas Londono

There are some cast iron pipes...I'm guessing this is probably the real problem. We are going to have another plumber take a look. Our normal guy was out sick and we had a different one come to snake and scope. Hoping to get our guy there soon.

... some people wont like this.... but probably you are better off changing the sewer lines yourself using some YouTube and google than living with cast iron pipes... Of course getting it professionally done is better...

I changed the sewer lines myself... it was a total gut... kinda hated the work... and I definitely hate crawl spaces... not the best experience, but ended up good and inexpensive (money wise... at least)

I’m working with The One Brokerage, David Greene’s team. All good for now, haven't close the loan yet but really good service. Rates are crazy now but that’s not on them

Do some networking at REIAs and BP. Try to find somebody that might help you when in pain…

The real learning comes by doing… I’ve learned a ton doing my first rehab. When you have to solve a problem tomorrow you are really motivated to learn something you know…

The most critical thing is a reliable ARV and to make sure you buy low enough…. find somebody that can refer contractors if you are not handy enough, again when you need an electrician by Monday or else… you'll find it but is easier to have somebody to relay on

Don't worry too much about flip vs long term rental LTR, MTR or STR

the market has the final word and you will deal with that when the time comes

Hey man! I invest in atlanta and am looking for deals… My property is almost ready to hit the market as an MTR so could definetly use some nice pics!

In my opinion, we make plans and then life happens…. Me being a professional over thinker can confidently say… find something that makes sense and go for it, trust the process.

I like BRRR, 18months ago We traveled to atlanta, toured like 3 properties and made an offer….
didn’t went trough… but the owner had another house, a dumpster in sw atlanta, close to US 41 in an up and coming place… fair price and enough upside….

We bought it and I’ve been re building it up the last 15 months….

Didn’t made us rich, but i got my feet wet and learned a TON now i discovered MTR and chose that route, looking to scale the business

Also try to reconfigure the bathroom... if all walls are non load bearing you may be able to fit a bathroom and a hallway without mesing with exterior walls...

take a tape measure, pencil and paper and try every single possible combination.... look for floor plans online... i love this webpage https://www.dimensions.com/ele... for me the minimum bathroom is 9 by 5, 5 being the bathtub

I had a similar issue on a rehab, but the second room only had access through the first room... both on the side of the main entrance and living space. The house had a front porch so I extended the living space over the front porch (full addition) and just added a new door :) 

It was a full gut renovation so marginally wasn't to bad... but that and the extra bathroom made the fix up have sense... from awkward 3/1 to beautiful 3/2