Node Capital

Braeburn Flip Update and a bit of advice pulling permits in Atlanta:

We are about 8 weeks since closing on our first property to flip.

We should be about 4 weeks out from finishing and putting it back on the market.

But we are not. To be honest, we have not even started yet. Why, you ask?

Inexperience with permits.

— Permit submissions so far

#1 to Dekalb: REJECTION
They told us the property is now under the city’s responsibility.

#2 to Atlanta: REJECTION
Due to improper naming conventions.

#3 to Atlanta: REJECTION
Drawings were not to scale.

#4 to Atlanta: ACCEPTED!!! (for review)
Furthest we’ve been so far! On to the next boss.

—

So fourth time might be the charm!

This was our first time ever applying for a permit as well as my brother’s (our G.C.) first time to the City of Atlanta.

Lesson to learn from 3 (possibly 4 rejections) and 8 weeks of time wasted… Pay for someone else’s experience.

What will we do differently next time? Pay for a Permit Expeditor.

This morning, we closed on our first property to flip! 🏚 ➡️🏠

We “officially” started our business on March 1st of this year. As you imagine, a lot happened during our first few months.

COVID.

My business partner lost his job.

I lost mine.

And a laundry list of other things.

After months of failing to find a new job, we decided to pivot our business strategy and jumpstart our venture. From our original plan to slowly acquire rental properties, we are now flipping and wholesaling.

It’s been scary committing full-time to this the past couple months but, now, we have closed on a property.

It is real scary now haha

But we have a strong team. As my brother as our GC and our agent is an amazing mentor who has guided us over the past 8 months. We’re both extremely confident in this project.

So, we are waiting for the county to approve our permit, we will plan the course of action to remodel then get this thing back on the market ASAP.

Stay tuned as we figure out exactly what we are going to do and put it into action!