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All Forum Posts by: Nicole Nylund

Nicole Nylund has started 1 posts and replied 5 times.

Post: Single Family House Hacks in Atlanta

Nicole NylundPosted
  • Chicago, IL
  • Posts 5
  • Votes 9

Hi! I have been house hacking a 3/2 in Decatur and it has worked out great! I bought the house 4 years ago with the plan to house hack.

That was my entry into real estate investing and I didn’t know if there was a correct way to figure out rent. I looked at my total expenses, looked at what other room rentals were going for on Craigslist and figured out rent per room based on that. I was first charging $550 per room, which included utilities, and found out that was too little. It was covering my mortgage and most of my utilities but I could have charged more. When my first roommates moved out, I raised the rent. 

I have now moved for work and rented out my room and it is cash flowing very well.  

I wish you and your cousin the best of luck! Feel free to message me if you have any questions. 

Hello! I live in Chicago and have one rental property in Decatur. I am looking to buy another property in the Decatur/Atlanta area next year. I would love to connect with others investing in the area as well!

Post: Newbie in Atlanta

Nicole NylundPosted
  • Chicago, IL
  • Posts 5
  • Votes 9

@Account Closed - Thank you! Yes, I am starting to get very antsy just reading about REI and ready to jump in and get started! I went to one Atlanta REI meetup group so far and plan on going to many more!

Post: Newbie in Atlanta

Nicole NylundPosted
  • Chicago, IL
  • Posts 5
  • Votes 9

@Ryan Heywood - Thank you!

@Yoochul C. - Thank you! And good luck to you also!

@Comfort S. - Thank you!   

Post: Newbie in Atlanta

Nicole NylundPosted
  • Chicago, IL
  • Posts 5
  • Votes 9

Hello! I am from Atlanta and I am a newbie to real estate investing. I have been reading, studying and listening to BP podcasts for a few months now along with going to a few GAREIA meetings and Atlanta REI Meetups. My primary focus is going to be buy and holds and I am thinking about house hacking to get started.

I would love to network, build a team, find a mentor, ask questions, etc. I am ready to learn more and get started! Thank you!