All Forum Posts by: Niyi Adewole

Hello!

I am from Ohio and will be down in Atlanta from 1/9/24-1/12/24 and was hoping to network with some real estate investors for lunch or a coffee (or at a project you might be working on). I currently reside in Ohio where I buy SFR rentals and do a couple flips a year. Ramping up this year but my wife and I ultimately plan to move to Georgia in 2027 (we already have a realtor for the curious).

We are coming down to get a feel for some neighborhoods we've been looking at moving too and don't really have too much planned so I thought it would be a great time to connect with some lenders, investors, contractors, and liked mind individuals while I'm there! Thanks!!

Hi BiggerPockets community,

I’m fairly new here and somewhat new to real estate investing. I have every intent to complete my very first fix-and-flip project in 2025!
As I look to grow, I’m considering joining a coaching/mentorship program like Partner Driven or something similar. These programs often assert to guide you step-by-step through the process, provide assistance with funding, and connect you with contractors. However, they also come with a significant upfront investment.

Before I commit to anything, I’d love to hear from those with experience:

Are these programs worth the investment?

Have you found them to be genuinely helpful in advancing your real estate goals?

Are there other, more cost-effective alternatives to gain similar support and knowledge?

Any insights, advice, or personal experiences would be greatly appreciated! Thank you in advance for helping me navigate this decision.

Hello,

I had a unit up for rental (a townhome) and received an application from Zillow which showed that she has no criminal history and credit score was good as well. I did all my other due diligence like asking for paystubs, W2s, Tax returns, Employment verification, bank statements etc etc and did not see any red flags overall. I did not do a separate criminal background check as I trusted the info from Zillow (Big lesson learned never to trust the Zillow data again in life). We signed the lease and the tenant moved in the unit in Nov. After they moved in, we started to get some mild complains from our neighbors (for the rented unit which was our primary residence until we moved out in another house a few miles away).

1. Within a couple of days, our neighbor said that they smelled weed from the backyard. (Ok I get it that its 2024 and people smoke weed). I gently asked the tenant if she smelled weed in the backyard and she claimed that she does not smoke anything so she does not know etc etc.

2. Some neighbors also told me that there seems to be more people living in the house (on the lease its supposed to be the lady and her two kids 4 YO and 8 or 9 YO). But the neighbors feel that there are two more adults for sure.

3. And some other small but strange things. No complaints from neighbors about any loud noise or erratic behavior or anything. But they all seem to feel that their overall behavior is just not the best. 

I felt like checking a little bit more so I ran a proper background check on her and was shocked to find that she has multiple felonies including jail time. Starting from 2016 she has several things like giving false information to law enforcement officers, Shop lifting, battery and more giving false identity to law enforcement officers and then the felony for identity theft. The felony was as recent as 2020 so I am not sure how Zillow report did not show that but anyway. 

My question is - Shall I simply not take a chance with her and inform her that I have found discrepancy on her application and her background and just ask her to evict? Ofcourse I am planning to consult a lawyer first. 

One of my friend happens to be a RE agent, landlord and a property manager himself and he seems to feel that as long as she pays rent on time and does not create nuisance, not to worry much and just keep do a quarterly property inspection. If anything is obvious like a solid proof of more people living in the house or signs of smoking in the house or if she misses even one rent payment then start the eviction process. I trust his advise but I feel that its not worth taking a chance and I should ask her to politely leave based on the fact that she has lied on her application. 

Suggestions?

Thanks for letting me know. At what point during the sale am I allowed to get insurance? Also, can you advise on what kind of insurance is best for a (first time) landlord? It's a SFR.

Hello Everyone,

My business partner and I are in search of a closing attorney in the Atlanta, GA area. If you have any referrals please consider sharing with us. We are in the process of going under contract for a fix/flip and need to secure a good closing attorney. Thank you in advance for your feed back.

I am new to this site and am jumping into a rental property/landlord. I am purchasing a home in downtown Atlanta. Lower Westside (I think) is not far from GA. Dome. Not in historic district permits should not be a problem. I just got Radon mitigation and Waterproofing down. The home already has two windows, but I know that it will/should need another window. It already has outside door entry access.  

I would like to know the ballpark figure and what it will cost to finish the basement into a bedroom apartment. I would like to have like a mini bar. I will need to install a bathroom.  So, ballpark figures are from electrical, plumbing, flooring, drywall, and ventilation.  I am figuring another 4k-8k for appliances etc..

Thanks in advance, 

My fiancé owes a small 2bed 2bath townhouse outright. It was her primary with a roommate until she moved in with me, now it is rented fully. It is valued at $1.3mil and she bought for $550k 5 years ago so not a bad return at all. Currently she only rents it for $2500mo because affordable housing is an issue in our small town..also STR is not allowed per the town. Now we are considering selling it to buy a more cash flowing property. Maybe some MFR in a bigger town an hour away. We would 1031. Pros and cons to this idea?