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Archives for January 2017

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Learn to Buy Small Multi-Family Properties at Charlotte REIA on February 2, 2017

By Charlotte REIA on January 31, 2017
Thu, Feb 2nd at 6:30PM @ Rain Tree Country Club
Charlotte REIA - February 2nd
6:30 PM at the Rain Tree Country Club,
8600 Raintree Ln, Charlotte, NC 28270
How to Buy a Small
Multi-Family Property
with Kenny RoundTree
Charlotte REIA Members Can Attend for NO CHARGE.
Guests Pay $15 Online or $20 at the Door. RSVP Now!

Kenny RoundtreeThe natural tendency for any new investor is to start small and work their way into the business. This works in some cases, but eventually they will want to move towards bigger deals with higher returns. One of the areas where investors can look for bigger returns is with multifamily properties. The greater the number of units, the higher chance they can reduce their vacancy factor and generate more cash flow. Just by adding only one or two more units scares off many investors and leaves them panicked. However, investing in multifamily properties can be very profitable and a lot easier than you think.

Kenny Roundtree has 25 yr’s experience in investing. He currently owns several houses and small apartment buildings. Kenny enjoys helping and putting together multifamily projects for investors. He is the owner of Edwards & Chase Affordable Housing Specialists since 2009. Kenny’s Objective has been to improve and uplift “struggling” neighborhoods in the Greensboro area. He set a goal to Secured a 10 unit project at budget which generated a 25% annual cash on cash return and achieved it. Then went on to Completing two 5 unit apartment buildings that that have generated a 20% total return. He currently, Maintains a 95% occupancy rate versus the average of 85% for the city of Greensboro. Kenny has also been Board member of Triad REIA.

Kenny believes that for every investor that focuses on single family properties, there are others that exclusively entertain multi family properties. Instead of closing ten individual single family transactions, they can get to their ten units in as little as just one deal. Even if they close two four-family properties, they can scale more quickly. This comes at a higher cost per property, but there is something to be said in closing only a few deals a year rather than trying to close multiple deals to get to the same point. It is also easier to manage two physical locations rather than scrambling around managing ten. If you can get the same number of rent checks coming in, but only have to focus on a handful of properties, it is more appealing. Is it starting to make sense why the single family vs multi family argument is still continuing to this day? It’s clear they both offer significant advantages to the investors who choose to take them on.

Having multiple units also increases your chances at collecting rent every month. If you have one single family property and the tenant stops paying, you have no other source of income for that property. On multi-unit properties, you have multiple tenants that will theoretically pay you rent every month. One tenant that stops paying on a ten unit property will not send you into delinquency. It is less expensive to own a multi-unit property than most people think. Even though you have additional units, you still only have one roof, one yard, one driveway and one basement.

There is also much greater upside potential on a commercial property than with any single family one. When you decide to sell a single family house, you are largely at the mercy of the market and the comparable sales around you. If the area is depressed, you can have the nicest home on the block but your comparables will dictate a lower sales price. With commercial properties, you can offset a shift in the market by using market rents as a way to calculate value. If rents are strong, they will be the most important factor that buyers look at.

This month Kenny will share with you how he Evaluates a 6 Unit. We’ll cover how to Determine rehab costs, securing contractors, and Acquisitions.

This month at the Charlotte REIA Main Meeting on Thursday, February 2nd at 6:30PM, Kenny Roundtree will share with you how he Evaluates a 6 Unit. We’ll cover how to Determine rehab costs, securing contractors, and Acquisitions. The meeting will take place at the Rain Tree Country Club which is located at 8600 Raintree Ln in Charlotte, NC

Charlotte REIA Members Please RSVP on Meetup.com
Charlotte REIA Members Please RSVP on Meetup.com

RSVP Now!

As always, Charlotte REIA Members can attend the event at no charge and Non-Members can Register Online for $15 or pay $20 at the door. Be sure to bring your business cards with you and join us for an evening of real estate deals, vendors, networking, education and fun! See you there!

See Charlotte REIA Events Calendar for More Events!
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Jump-Start Your Real Estate Investing Business in 2017

By Charlotte REIA on January 24, 2017
April 28th-30th from 9:00 AM - 6:00PM on GoToWebinar
Charlotte REIA & Atlanta REIA Presents:
How To Jump Start Your
Real Estate Investing Business
3 Day Online Workshop with Don DeRosa
April 28th-30th from 9AM-6PM on GoToWebinar
Register Online at JumpStartSeries.AtlantaREIA.com

Don DeRosaDon DeRosa is teaching this 3 Day Online Jump Start Training Series to help get his Coaching Students, Property Protégé Group Members, our REIA Members' real estate investing business up and running quickly. If you are a new investor or a "new again" investor, this is a training series you don't want to miss.

Day #1 is How to Jump Start Your Creative Real Estate Investing Business. This class teaches you the "Pretty House" side of the business and how to buy nice houses, in nice neighborhoods with none of your own cash or credit.

Day #2 is How to Jump Start Your Wholesaling Business. This class teaches you how to find distressed, ugly properties and to wholesale them to other "fix and flip" and "buy and hold" investors for nice chunks of fast cash.

Day #3 is How to Jump Start Your High Tech Homebuying Business. This class will teach you how to use everyday technology such as PCs, Smart Phones, Tablets and other hardware, software, apps and gadgets to operate, systematize and automate your real estate investing business.

FREE BONUSES

In addition to all this great information and training, Don will also be giving all attendees these additional bonuses valued at over $4000!

  1. Easy Offer MakerDon's Patented "Easy Offer Maker" Software (Sells for $397)
  2. Digital PDF copy of Don's eBook "Stop Losing Money Evaluating Deals" – Use in conjunction with Easy Offer Maker software to tell you what numbers you need to focus on.
  3. Subject To Financing – The Ultimate Creative Financing ToolDigital Version of Don's "Subject To Financing – The Ultimate Creative Financing Tool" Home Study Course which includes manual, videos, forms and tools, etc. (Sells for $997)
  4. Digital PDF copy of the "How To Jump Start Your Creative Real Estate Investing Business" Workshop Training Manual
  5. Digital MP3 Audio & MP4 Video Recording(s) of the "How To Jump Start Your Creative Real Estate Investing Business" Online Workshop. This will not be delivered until after the event takes place and the files are created and edited.
  6. Wholesaling 101Digital Version of Don's "Wholesaling 101" Home Study Course which includes manual, audios, videos, paperwork, etc. (Sells for $697)
  7. Digital PDF copy of Don's "How To Jump Start Your Wholesaling Business" Workshop Training Manual
  8. Digital MP3 Audio & MP4 Video Recording(s) of the "How To Jump Start Your Wholesaling Business" Online Workshop. This will not be delivered until after the event takes place and the files are created and edited.
  9. High Tech Homebuying AcademyTwo Passes to the 3 Day "High Tech Homebuying Academy in 2016" (Sells for $1999)
  10. Digital MP3 Audio & MP4 Video Recording(s) of the "How To Jump Start Your High Tech Homebuying Business" Online Workshop. This will not be delivered until after the event takes place and the files are created and edited.

Don't miss this great opportunity to learn about how to buy pretty houses without your own money or credit, how to wholesale distressed properties for fast cash and how to operate and automate your real estate investing business using technology!

Even if you can't attend any of these events due to your busy schedule, you can still sign up and get all the bonuses and the recording of these live trainings. Also, because it is an online training event, you don't have to travel to Atlanta to attend this event. You can attend online via GoToWebinar on your PC, Mac, Tablet or Smart Phone.

Register Now!

You can also purchase any of these 3 events separately or get more detailed information about each event using the links below.

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(MEETING CANCELLED) Open Forum with Attorney Mary Hart at Charlotte REIA on January 5, 2017

By Charlotte REIA on January 3, 2017
Thu, Jan 5th at 6PM @ Crowne Plaza Charlotte Executive Park
Charlotte REIA - January 5th
at the Crowne Plaza Charlotte Executive Park
Knowledge is Money
An Open Forum with Attorney Mary Hart
MEETING CANCELLED DUE TO FAMILY EMERGENCY

Mary HartDon’t miss the Charlotte REIA Main Meeting on Thursday, January 5th at 6PM, where our special guest speaker will be Attorney Mary Hart who is a NC Licensed Realtor and an active real estate investor, owning several properties in North Carolina and Kentucky. The meeting will take place at the Crowne Plaza Hotel Charlotte Executive Park which is located at 5700 Westpark Dr in Charlotte, NC

Mary believes in preserving wealth through Estate Planning, Asset Protection Planning, Investing with Self-Directed IRAs, Private Money Lending, Selling Real Estate through a Section 1031 Tax-Deferred Exchange and more.

Mary also believes that financial literacy is missing in the lives of most Americans as financial education is not generally taught in the school system and she hopes to help raise awareness of the importance of financial knowledge to the quality of life of all Americans.

Mary established The Hart Law Group, P.C. in 2006 in Asheville. She has been voted the #1 attorney in Asheville by Mtn Xpress (a local independent publication) readers for the last two years. She is also the owner of Carolina 1031 Exchange, LLC which serves as a Qualified Intermediary and Exchange Accommodation Titleholder for Section 1031 like-kind tax-deferred exchanges.

If you are serious about building wealth in today’s real estate market, you don’t want to miss this forum! RSVP Now!

Charlotte REIA Members Please RSVP on Meetup.com
Charlotte REIA Members Please RSVP on Meetup.com

RSVP Now!

CRowne Plaza Charlotte Executive ParkAll this is happening at the Charlotte REIA main meeting on Thursday, January 5th at 6PM at the Crowne Plaza Charlotte Executive Park located at 5700 Westpark Dr in Charlotte, NC.

As always, Charlotte REIA Members can attend the event at no charge and Non-Members can Register Online for $15 or pay $20 at the door. Be sure to bring your business cards with you and join us for an evening of real estate deals, vendors, networking, education and fun! See you there!

Late Nite Networking in the Hotel Lounge

Crowne Plaza Charlotte Executive ParkAfter the conclusion of the Charlotte REIA Meeting, we will be reconvening in the Crowne Plaza's Hotel Lounge for Late Nite Networking. Food and drink specials for our members and guests. Come eat, drink, network and have fun with us as hang out late into the night!

*Meeting Agenda
6:00 PM: Meet, Greet & Networking
6:30 PM: Announcements, Introductions, Haves & Wants
7:30 PM: Special Open Forum with Attorney Mary Hart
9:30 PM: Late Night Networking in Hotel Lounge

*Please Note: Meeting agenda is subject to change.

See Charlotte REIA Events Calendar for More Events!
Read More >>