All Forum Posts by: Niyi Adewole

 Hi David, 

Congrats on taking your first step into the real estate investing world!! Regarding insurance, i would recommend working with an insurance broker (happy to DM you the one i utilize) and they can shop for the best one for your rental. 

I agree with a lot of the advice already given (i.e. legal lease agreement, maintenance team, etc) i would HIGHLY recommend utilizing a property management software to run everything through. I personally utilize Buildium to run my long term/mid term rental properties and it allows us to conduct tenant screening, applications, tenant payments, and maintenance requests all through the portal. 

Hi Laura, 

I have done a few deals with family and friends, and the Most important piece to this deal is ensuring that whichever direction you move in is clearly explained to all parties, written down on paper (preferrably with an attorney) and signed off on by all parties. This will help avoid many headaches down the road. 

I would recommend breaking out the roles and responsibilities into percentages and then working from there. In my eyes the downpayment/closing cost/upfront money is worth 50% of a residential deal, and all of the other items that go into operating that property (i.e. Property management, project management, etc) make up the remaining 50%. For example if the downpayment is $100k and they put in $50k i would give 25% of the overall ownership of the deal and the cashflow to that individual. If you are self managing i would recommend taking a self management fee of 6 to 10% (as if you were paying property management) and then start splitting on the profit coming in. 

There are many directions you can take this, the above are just high level ways that i have done it in the past 

 Hi Roland, 

My go to is Ken Luther Law. Happy to connect you man, good luck!

 Welcome to BP Leon! 

You would definitely want to get a few contractor bids and work with investor friendly realtor on this project. Are you planning to BRRR this property, househack it, or flip it?

 Most definitely time to sell. Similiar to the other advice offered here, the main piece would be determining how to shield most of this from Taxes. Whether it be from living in it 2 of the past 5 years or from a 1031 exchange into more property, that equity can be working much harder for you. 

I would recommend hanging tight until the March/April time frame to list it, and working with a realtor to identify a few other investments that may make sense. You do not have to use all of 1031 on 1 property, it can be split into a few. 

Hi Cyrus,

To be safe i would still let that realtor know (in writing) that you are doing this, but with two different names you should be fine. 

Also, when submitting an offer, the exclusive broker agreement is needed to be signed in GA for that realtor to represent you. My team and I do not sign this before submitting an offer for a client, but during the process of submitting an offer we do include this for signature as it is required 

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.